NIP Group Inc.’s Lock-Up Period Will Expire on January 22nd (NASDAQ:NIPG)

NIP Group’s (NASDAQ:NIPG) lock-up period is set to expire on Wednesday, January 22nd. NIP Group had issued 2,250,000 shares in its initial public offering on July 26th. The total size of the offering was $20,250,000 based on an initial share price of $9.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Maxim Group started coverage on NIP Group in a research note on Thursday, December 19th. They set a “buy” rating and a $12.00 price objective for the company.

NIP Group Price Performance

Shares of NASDAQ NIPG opened at $6.95 on Friday. The business’s fifty day moving average is $6.66. NIP Group has a 1-year low of $5.40 and a 1-year high of $17.76.

Institutional Trading of NIP Group

A hedge fund recently bought a new stake in NIP Group stock. GAMMA Investing LLC purchased a new position in shares of NIP Group Inc. (NASDAQ:NIPG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,622 shares of the company’s stock, valued at approximately $44,000.

About NIP Group

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.