Indonesia Energy’s (NASDAQ:INDO) quiet period is set to end on Tuesday, January 28th. Indonesia Energy had issued 1,363,637 shares in its IPO on December 19th. The total size of the offering was $15,000,007 based on an initial share price of $11.00. During Indonesia Energy’s quiet period, insiders and underwriters that worked on 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 end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Indonesia Energy stock opened at $7.51 on Tuesday. Indonesia Energy has a one year low of $6.00 and a one year high of $12.49.
Indonesia Energy Company Profile
Indonesia Energy Corporation Limited, through its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. Indonesia Energy Corporation Limited is a subsidiary of Maderic Holdings Limited.
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