DouYu International’s (NASDAQ:DOYU) quiet period will end on Monday, August 26th. DouYu International had issued 67,387,110 shares in its initial public offering on July 17th. The total size of the offering was $774,951,765 based on an initial share price of $11.50. During DouYu International’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration 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.
DOYU has been the topic of a number of research analyst reports. Citigroup initiated coverage on DouYu International in a report on Monday, August 12th. They issued a “buy” rating on the stock. Bank of America initiated coverage on DouYu International in a report on Monday, August 12th. They issued a “buy” rating on the stock.
DOYU opened at $8.20 on Friday. DouYu International has a 12-month low of $7.77 and a 12-month high of $11.88.
DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.
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