Galaxy Payroll Group Limited’s Quiet Period Set To End on October 22nd (NASDAQ:GLXG)

Galaxy Payroll Group’s (NASDAQ:GLXG) quiet period will end on Tuesday, October 22nd. Galaxy Payroll Group had issued 1,750,000 shares in its initial 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 Galaxy Payroll Group’s quiet period, insiders and underwriters involved in the IPO are prevented 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.

Galaxy Payroll Group Stock Performance

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.

Galaxy Payroll Group Company Profile

Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People’s Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, and the Philippines.