Zhibao Technology Inc.’s Lock-Up Period Will Expire on September 30th (NASDAQ:ZBAO)

Zhibao Technology’s (NASDAQ:ZBAO) lock-up period will end on Monday, September 30th. Zhibao Technology had issued 1,500,000 shares in its IPO on April 2nd. The total size of the offering was $6,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Zhibao Technology Stock Down 0.8 %

Shares of NASDAQ:ZBAO opened at $3.57 on Monday. Zhibao Technology has a 1-year low of $2.67 and a 1-year high of $5.70. The stock’s fifty day simple moving average is $3.71.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.