Meili’s (NASDAQ:MOGU) lock-up period is set to expire on Tuesday, June 4th. Meili had issued 4,750,000 shares in its IPO on December 6th. The total size of the offering was $66,500,000 based on an initial share price of $14.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Shares of MOGU stock opened at $4.95 on Friday. Meili has a 52 week low of $4.56 and a 52 week high of $25.69.
Meili Inc develops and operates a fashion e-commerce platform which enables women to find personalized clothing and skin care products. The company was founded in 2016 and is based in Beijing, China.
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