OneConnect Financial Technology’s (NASDAQ:OCFT) quiet period is set to expire on Wednesday, January 22nd. OneConnect Financial Technology had issued 31,200,000 shares in its IPO on December 13th. The total size of the offering was $312,000,000 based on an initial share price of $10.00. During OneConnect Financial Technology’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or 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.

A number of brokerages recently commented on OCFT. Morgan Stanley began coverage on OneConnect Financial Technology in a research report on Tuesday, January 7th. They set an “overweight” rating and a $16.00 price objective on the stock. Goldman Sachs Group began coverage on OneConnect Financial Technology in a research report on Tuesday, January 7th. They set a “buy” rating and a $15.90 price objective on the stock. KeyCorp began coverage on OneConnect Financial Technology in a research report on Tuesday, January 7th. They set an “overweight” rating and a $15.00 price objective on the stock. Finally, Bank of America began coverage on OneConnect Financial Technology in a research report on Tuesday, January 7th. They set a “buy” rating and a $18.00 price objective on the stock.

NASDAQ:OCFT opened at $14.01 on Wednesday. OneConnect Financial Technology has a 52 week low of $9.43 and a 52 week high of $16.60.

About OneConnect Financial Technology

OneConnect Financial Technology Co, Ltd. operates as a technology-as-a-service platform for financial institutions in the People's Republic of China. The company provides cloud-platform-based Fintech solutions, and online information and operating support services. It offers digital retail banking, small and medium enterprises (SME) financing and services, retail banking risk-management, SME banking risk management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions.

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