Ten-League International Holdings Limited’s Quiet Period Set To End Tomorrow (NASDAQ:TLIH)

Ten-League International’s (NASDAQ:TLIH) quiet period is set to end on Monday, August 18th. Ten-League International had issued 2,240,000 shares in its initial public offering on July 8th. The total size of the offering was $8,960,000 based on an initial share price of $4.00. During Ten-League International’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Ten-League International to a “hold” rating in a report on Tuesday, July 15th.

Ten-League International Stock Up 1.1%

NASDAQ:TLIH opened at $0.61 on Friday. Ten-League International has a 1-year low of $0.55 and a 1-year high of $7.00.

Ten-League International Company Profile

Our mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair services through continuous adaptation and application of new technologies. We are a Singapore-based provider of turnkey project solutions. Our business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries.