CTW Cayman’s Quiet Period To Expire on September 15th (NASDAQ:CTW)

CTW Cayman’s (NASDAQ:CTW) quiet period is set to expire on Monday, September 15th. CTW Cayman had issued 2,400,000 shares in its IPO on August 6th. The total size of the offering was $12,000,000 based on an initial share price of $5.00. During CTW Cayman’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 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised CTW Cayman to a “hold” rating in a research report on Saturday, August 9th.

CTW Cayman Trading Down 4.5%

CTW stock opened at $1.92 on Friday. CTW Cayman has a twelve month low of $1.71 and a twelve month high of $4.88.

CTW Cayman Company Profile

We are a leading globally accessible, web-based gaming platform, offering players an immersive digital space through our flagship HTML5 platform, G123.jp. Our platform showcases a diverse selection of free-to-play games inspired by popular Japanese animations, including Queen’s Blade, So I’m a Spider, So What?, and Goblin Slayer.