SPDR Gold MiniShares Trust’s (NYSEARCA:GLDM) quiet period is set to expire on Monday, August 6th. SPDR Gold MiniShares Trust had issued 80,000,000 shares in its IPO on June 26th. The total size of the offering was $1,038,400,000 based on an initial share price of $12.98. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. 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 SPDR Gold MiniShares Trust opened at $12.09 on Friday, according to Marketbeat. SPDR Gold MiniShares Trust has a one year low of $12.09 and a one year high of $12.64.
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