RYB Education, Inc. Sponsored ADR’s (RYB) Quiet Period To End Tomorrow
RYB Education, Inc. Sponsored ADR’s (NYSE:RYB) quiet period is set to end on Monday, November 6th. RYB Education, Inc. Sponsored ADR had issued 7,800,000 shares in its initial public offering on September 27th. The total size of the offering was $144,300,000 based on an initial share price of $18.50. During the company’s quiet period, underwriters and any insiders 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
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RYB Education, Inc. Sponsored ADR (NYSE:RYB) opened at $25.68 on Friday. RYB Education, Inc. Sponsored ADR has a 1-year low of $23.23 and a 1-year high of $31.80.
About RYB Education, Inc. Sponsored ADR
RYB Education, Inc is engaged in providing early childhood education services in China. The Company develops various educational products and services, such as teaching aids, educational toys and at-home education products and services. The Company promotes and sells its self-developed and third party products and services through its franchisees and Hong Shan Enable Alliance participants for their further distribution and directly to number of families.The Company kindergarten offers preschool education to 2-6-year-old children.
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