LZ Technology Holdings Ltd’s (NASDAQ:LZMH) Quiet Period Set To End on April 8th

LZ Technology’s (NASDAQ:LZMH) quiet period is set to end on Tuesday, April 8th. LZ Technology had issued 1,800,000 shares in its IPO on February 27th. The total size of the offering was $7,200,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

LZ Technology Price Performance

Shares of NASDAQ:LZMH opened at $8.35 on Friday. LZ Technology has a 52 week low of $4.40 and a 52 week high of $17.73.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.