Li Bang International Corporation Inc.’s Lock-Up Period Set To End on April 21st (NASDAQ:LBGJ)

Li Bang International’s (NASDAQ:LBGJ) lock-up period will end on Monday, April 21st. Li Bang International had issued 1,520,000 shares in its IPO on October 23rd. The total size of the offering was $6,080,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Li Bang International Stock Up 6.4 %

Shares of NASDAQ:LBGJ opened at $1.27 on Monday. Li Bang International has a one year low of $1.02 and a one year high of $5.50. The firm has a fifty day moving average price of $1.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBGJ. Jane Street Group LLC purchased a new position in shares of Li Bang International in the fourth quarter worth $41,000. XTX Topco Ltd bought a new stake in Li Bang International in the 4th quarter worth about $93,000. Finally, Citadel Advisors LLC purchased a new position in Li Bang International in the 4th quarter worth about $442,000.

About Li Bang International

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance.