ALOVU’s (NASDAQ:ALOVU – Get Free Report) quiet period is set to expire on Tuesday, March 3rd. ALOVU had issued 26,100,000 shares in its initial public offering on January 22nd. The total size of the offering was $261,000,000 based on an initial share price of $10.00. During ALOVU’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration 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.
Analysts Set New Price Targets
Separately, Wall Street Zen raised ALOVU to a “hold” rating in a research report on Monday, February 2nd.
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ALOVU Price Performance
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