Ispire Technology’s (NASDAQ:ISPR – Get Free Report) lock-up period will expire on Monday, October 2nd. Ispire Technology had issued 2,700,000 shares in its IPO on April 4th. The total size of the offering was $18,900,000 based on an initial share price of $7.00. After the expiration of Ispire Technology’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Ispire Technology Stock Performance
Shares of NASDAQ:ISPR opened at $9.66 on Monday. The company’s fifty day moving average is $9.56. Ispire Technology has a one year low of $6.85 and a one year high of $11.42.
Institutional Investors Weigh In On Ispire Technology
Several hedge funds have recently made changes to their positions in ISPR. Barclays PLC acquired a new stake in shares of Ispire Technology during the second quarter worth $29,000. State Street Corp acquired a new stake in shares of Ispire Technology in the second quarter worth approximately $119,000. Northern Trust Corp acquired a new stake in shares of Ispire Technology in the second quarter worth approximately $174,000. BlackRock Inc. acquired a new stake in shares of Ispire Technology in the second quarter worth approximately $198,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Ispire Technology in the second quarter worth approximately $256,000. Institutional investors and hedge funds own 2.07% of the company’s stock.
About Ispire Technology
Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.
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