Oriental Rise Holdings Limited Ordinary Shares’ Quiet Period Set To Expire Tomorrow (NASDAQ:ORIS)

Oriental Rise Holdings Limited Ordinary Shares’ (NASDAQ:ORIS) quiet period will expire on Tuesday, November 26th. Oriental Rise Holdings Limited Ordinary Shares had issued 1,750,000 shares in its public offering on October 17th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During Oriental Rise Holdings Limited Ordinary Shares’ quiet period, underwriters and any insiders that worked on 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 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.

Oriental Rise Holdings Limited Ordinary Shares Stock Down 4.1 %

Shares of NASDAQ ORIS opened at $6.15 on Monday. Oriental Rise Holdings Limited Ordinary Shares has a twelve month low of $4.80 and a twelve month high of $11.75.

About Oriental Rise Holdings Limited Ordinary Shares

Oriental Rise Holdings Limited engages in planting, cultivating, processing, and selling processed tea in Mainland China. It offers processed white tea, black tea, and refined tea products to wholesale distributors and end-user retail customers. The company was incorporated in 2019 and is based in Ningde, China.