Nubia Brand International's (NASDAQ:NUBIU – Get Rating) lock-up period is set to expire on Wednesday, September 7th. Nubia Brand International had issued 11,000,000 shares in its IPO on March 11th. The total size of the offering was $110,000,000 based on an initial share price of $10.00. After the expiration of the company's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Nubia Brand International Stock Performance

Shares of Nubia Brand International stock opened at $10.03 on Wednesday. Nubia Brand International has a 52 week low of $9.94 and a 52 week high of $10.50. The company has a 50 day moving average of $10.08.

Institutional Investors Weigh In On Nubia Brand International

Large investors have recently modified their holdings of the company. Ergoteles LLC acquired a new stake in shares of Nubia Brand International in the first quarter valued at approximately $120,000. State Street Corp acquired a new stake in shares of Nubia Brand International in the second quarter valued at approximately $123,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Nubia Brand International during the first quarter worth $135,000. Virtu Financial LLC acquired a new stake in shares of Nubia Brand International during the first quarter worth $237,000. Finally, Tuttle Capital Management LLC acquired a new stake in shares of Nubia Brand International during the first quarter worth $382,000.

About Nubia Brand International

Nubia Brand International Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify, acquire, and build a business operating in the wireless telecommunications sphere.

Further Reading

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