Galaxy Payroll Group Limited's (NASDAQ:GLXG) Quiet Period To Expire on October 22nd
Galaxy Payroll Group’s (NASDAQ:GLXG – Get Free Report) quiet period will expire on Tuesday, October 22nd. Galaxy Payroll Group had issued 1,750,000 shares in its public offering on September 12th. The total size of the offering was $7,000,000 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 earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
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