Lucas GC Limited’s (NASDAQ:LGCL) Lock-Up Period Will Expire on September 2nd

Lucas GC’s (NASDAQ:LGCL) lock-up period is set to expire on Monday, September 2nd. Lucas GC had issued 1,500,000 shares in its IPO on March 5th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Lucas GC Stock Performance

Shares of Lucas GC stock opened at $1.67 on Monday. Lucas GC has a 12 month low of $1.11 and a 12 month high of $5.00. The firm’s 50-day moving average price is $2.02.

Institutional Investors Weigh In On Lucas GC

A hedge fund recently bought a new stake in Lucas GC stock. XTX Topco Ltd acquired a new position in Lucas GC Limited (NASDAQ:LGCL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 25,160 shares of the company’s stock, valued at approximately $53,000.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People's Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services.