ARTCU’s (NASDAQ:ARTCU) Quiet Period Will Expire on February 16th

ARTCU’s (NASDAQ:ARTCU) quiet period will expire on Monday, February 16th. ARTCU had issued 22,000,000 shares in its public offering on January 6th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded ARTCU to a “hold” rating in a research report on Thursday, January 15th.

ARTCU Price Performance

Shares of ARTCU opened at $9.98 on Wednesday. ARTCU has a 12 month low of $9.97 and a 12 month high of $10.01.