Wellchange Holdings Company Limited’s Lock-Up Period Set To End on March 31st (NASDAQ:WCT)

Wellchange’s (NASDAQ:WCT) lock-up period will end on Monday, March 31st. Wellchange had issued 2,000,000 shares in its initial public offering on October 2nd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wellchange Trading Down 3.6 %

Shares of WCT stock opened at $0.19 on Friday. Wellchange has a one year low of $0.18 and a one year high of $9.36. The business has a 50 day moving average of $1.77.

Institutional Investors Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Renaissance Technologies LLC bought a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned approximately 0.20% of Wellchange at the end of the most recent reporting period.

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.