Visterra’s (NASDAQ:VIST) quiet period will expire on Wednesday, September 4th. Visterra had issued 10,000,000 shares in its initial public offering on July 26th. The total size of the offering was $92,500,000 based on an initial share price of $9.25. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of VIST stock traded down $0.17 during trading on Wednesday, hitting $5.58. The company’s stock had a trading volume of 256,609 shares, compared to its average volume of 301,736. The business’s fifty day moving average is $6.78. Visterra has a 52 week low of $3.80 and a 52 week high of $11.03.
Visterra Company Profile
Visterra Inc is a United States-based biotechnology company. The Company uses its Atomic Interaction Network analysis to identify disease targets and design effective therapeutics. The Company’s technology is based on its Hierotope Platform, which identifies an area, or epitope, on the target protein, glycoprotein or glycan that is fundamental to its structure and function.
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