ARCIU’s Quiet Period To End on March 4th (NASDAQ:ARCIU)

ARCIU’s (NASDAQ:ARCIU) quiet period will expire on Wednesday, March 4th. ARCIU had issued 24,000,000 shares in its initial public offering on January 23rd. The total size of the offering was $240,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of ARCIU to a “hold” rating in a research note on Tuesday, February 3rd.

ARCIU Price Performance

ARCIU opened at $10.03 on Friday. ARCIU has a 12-month low of $10.03 and a 12-month high of $10.15.