Yunji’s (NASDAQ:YJ) quiet period is set to end on Wednesday, June 12th. Yunji had issued 11,000,000 shares in its IPO on May 3rd. The total size of the offering was $121,000,000 based on an initial share price of $11.00. During the company’s quiet period, insiders and any underwriters that worked on 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.
Separately, Morgan Stanley started coverage on shares of Yunji in a research note on Tuesday, May 28th. They issued an “overweight” rating and a $14.70 price target for the company.
NASDAQ:YJ opened at $11.22 on Wednesday. Yunji has a 52 week low of $10.14 and a 52 week high of $18.20.
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Yunji Inc operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances.
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