Galaxy Payroll Group’s (NASDAQ:GLXG – Get Free Report) quiet period is set to end on Tuesday, October 22nd. Galaxy Payroll Group had issued 1,750,000 shares in its public offering on September 12th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Galaxy Payroll Group Stock Up 1.6 %
Shares of GLXG stock opened at $10.94 on Tuesday. Galaxy Payroll Group has a 52-week low of $3.83 and a 52-week high of $13.89.
About Galaxy Payroll Group
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