XCHG Limited’s (NASDAQ:XCH) Quiet Period To End on October 21st

XCHG’s (NASDAQ:XCH) quiet period will end on Monday, October 21st. XCHG had issued 3,333,335 shares in its initial public offering on September 10th. The total size of the offering was $20,666,677 based on an initial share price of $6.20. During XCHG’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

XCHG Stock Up 8.2 %

XCH opened at $14.72 on Wednesday. XCHG has a fifty-two week low of $6.40 and a fifty-two week high of $25.28.

XCHG Company Profile

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.