Fitness Champs Holdings Ltd’s Quiet Period Will End on October 14th (NASDAQ:FCHL)

Fitness Champs’ (NASDAQ:FCHL) quiet period will end on Tuesday, October 14th. Fitness Champs had issued 3,750,000 shares in its initial public offering on September 4th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Fitness Champs from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th.

Fitness Champs Price Performance

Shares of FCHL stock opened at $0.50 on Friday. Fitness Champs has a fifty-two week low of $0.50 and a fifty-two week high of $7.64.

About Fitness Champs

Our mission is to make swimming an affordable sport for all by offering comprehensive swimming lessons and teaching swimming skills and techniques to our students and to encourage the public mass to use swimming as a healthy and fun sport for all ages. We believe we are a leading sports education provider in Singapore based on the following: (i) in 2023, we were the largest service provider of the SwimSafer Program based on the number of assessment bookings, accounting for approximately 30% of market share; and (ii) we are one of the few swim education providers in Singapore that provides both services to students under training programs funded by the Singapore Government and provision of customized private swimming training services.