Hong Kong Pharma Digital Technology Holdings Ltd’s (NASDAQ:HKPD) Quiet Period Will End on February 24th

Hong Kong Pharma Digital Technology’s (NASDAQ:HKPD) quiet period will expire on Monday, February 24th. Hong Kong Pharma Digital Technology had issued 1,403,685 shares in its initial public offering on January 15th. The total size of the offering was $5,614,740 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.

Hong Kong Pharma Digital Technology Trading Down 11.1 %

Shares of Hong Kong Pharma Digital Technology stock opened at $1.77 on Friday. Hong Kong Pharma Digital Technology has a 52-week low of $1.74 and a 52-week high of $3.79.

Hong Kong Pharma Digital Technology Company Profile

Hong Kong Pharma is an exempted limited liability company formed under the laws of the Cayman Islands on August 17, 2023. As a holding company with no material operations of its own, Hong Kong Pharma conducts its operations through its wholly owned subsidiaries, Joint Cross Border Logistics Company Limited and V-Alliance Technology Supplies Limited, each a limited liability corporation incorporated in Hong Kong and collectively referred to as HK Subsidiaries.