PUYI INC/ADR’s (NASDAQ:PUYI) Lock-Up Period Set To End on September 25th

PUYI INC/ADR’s (NASDAQ:PUYI) lock-up period is set to end on Wednesday, September 25th. PUYI INC/ADR had issued 4,292,276 shares in its initial public offering on March 29th. The total size of the offering was $25,753,656 based on an initial share price of $6.00. After the end of PUYI INC/ADR’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

NASDAQ:PUYI opened at $6.57 on Wednesday. The stock’s 50 day moving average price is $8.13. PUYI INC/ADR has a 52-week low of $5.40 and a 52-week high of $14.80.

About PUYI INC/ADR

Puyi Inc provides third-party wealth management services in China. It focuses on mass affluent and emerging middle class population. The company offers wealth management services, corporate finance services, and asset management services. Puyi Inc was founded in 2010 and is headquartered in Guangzhou, China.

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