CBL International Limited’s Quiet Period Will End on May 2nd (NASDAQ:BANL)

CBL International’s (NASDAQ:BANL – Get Rating) quiet period will end on Tuesday, May 2nd. CBL International had issued 3,325,000 shares in its public offering on March 23rd. The total size of the offering was $13,300,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

CBL International Trading Up 14.2 %

Shares of BANL opened at $19.89 on Tuesday. CBL International has a 12 month low of $4.17 and a 12 month high of $21.53.

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CBL International Company Profile

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CBL International Limited, together with its wholly owned subsidiaries is an established marine fuel logistic company currently focusing on the Asia Pacific region, providing one-stop solutions for vessel refueling. CBL International Limited is based in KUALA LUMPUR, Malaysia.

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