TigerLogic’s (OTCMKTS:TIGR) quiet period will expire on Monday, April 29th. TigerLogic had issued 13,000,000 shares in its initial public offering on March 20th. The total size of the offering was $104,000,000 based on an initial share price of $8.00. During TigerLogic’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
OTCMKTS TIGR opened at $15.52 on Monday. TigerLogic has a fifty-two week low of $8.07 and a fifty-two week high of $23.89.
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TigerLogic Corporation is engaged in the design, development, sale and support of Postano, a socialmedia content aggregation and visualization platform. Postano is sold through the Company’s sales personnel located in the United States, as well as through co-marketing arrangements with third parties.
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