SAG Holdings Ltd’s (NASDAQ:SAG) Quiet Period To Expire on December 2nd

SAG’s (NASDAQ:SAG) quiet period is set to expire on Monday, December 2nd. SAG had issued 875,000 shares in its initial public offering on October 23rd. The total size of the offering was $7,000,000 based on an initial share price of $8.00. During the company’s quiet period, underwriters and any insiders 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

SAG Stock Performance

SAG stock opened at $2.74 on Monday. SAG has a 52-week low of $2.25 and a 52-week high of $8.27.

About SAG

We are a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third party branded and in-house branded replacement parts for motor vehicles and for non-vehicle combustion engines serving a number of industries. We distribute spare parts through operations primarily based in Singapore and global sales primarily generated from the Middle East and Asia.