Waton Financial Ltd’s (NASDAQ:WTF) Quiet Period To Expire Tomorrow

Waton Financial’s (NASDAQ:WTF) quiet period will expire on Monday, May 12th. Waton Financial had issued 4,375,000 shares in its IPO on April 1st. The total size of the offering was $17,500,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders that worked on 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.

Waton Financial Trading Up 9.9 %

WTF opened at $7.19 on Friday. Waton Financial has a twelve month low of $4.05 and a twelve month high of $19.85.

Waton Financial Company Profile

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions.