China Xiangtai Food’s (NASDAQ:PLIN) quiet period is set to expire on Monday, September 23rd. China Xiangtai Food had issued 1,172,360 shares in its initial public offering on August 14th. The total size of the offering was $5,861,800 based on an initial share price of $5.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Shares of PLIN opened at $4.90 on Monday. China Xiangtai Food has a 1 year low of $4.10 and a 1 year high of $6.00.

China Xiangtai Food Company Profile

China Xiangtai Food Co, Ltd., through its subsidiaries, engages in the slaughtering, packing, distribution, and wholesale of various fresh pork meat and parts in the People's Republic of China. The company provides shredded meat, sliced meat, meat stuffing, pickled meat, lamb and offal, sausage, bacon, steamed meat, breaded chicken, and spicy meat products.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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