Innovation Beverage Group Limited’s (NASDAQ:IBG) Lock-Up Period Set To Expire on March 25th

Innovation Beverage Group’s (NASDAQ:IBG) lock-up period is set to end on Tuesday, March 25th. Innovation Beverage Group had issued 1,350,000 shares in its initial public offering on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. After the end of Innovation Beverage Group’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research started coverage on shares of Innovation Beverage Group in a research report on Thursday, November 21st. They issued a “buy” rating on the stock.

Innovation Beverage Group Trading Up 0.2 %

NASDAQ IBG opened at $0.47 on Tuesday. The firm’s fifty day moving average is $0.74. Innovation Beverage Group has a fifty-two week low of $0.44 and a fifty-two week high of $3.35.

About Innovation Beverage Group

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.