Magic Empire Global's (NASDAQ:MEGL – Get Rating) lock-up period is set to end on Wednesday, February 1st. Magic Empire Global had issued 5,000,000 shares in its public offering on August 5th. The total size of the offering was $20,000,000 based on an initial share price of $4.00. After the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Magic Empire Global Trading Down 2.8 %
NASDAQ:MEGL opened at 2.45 on Wednesday. The stock has a 50-day simple moving average of 2.02. Magic Empire Global has a twelve month low of 1.20 and a twelve month high of 249.94.
Get Magic Empire Global alerts:Hedge Funds Weigh In On Magic Empire Global
An institutional investor recently bought a new position in Magic Empire Global stock. UBS Group AG bought a new position in shares of Magic Empire Global Limited (NASDAQ:MEGL – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,723 shares of the company's stock, valued at approximately $75,000. UBS Group AG owned 0.10% of Magic Empire Global at the end of the most recent reporting period. 0.51% of the stock is owned by institutional investors.
Magic Empire Global Company Profile
(Get Rating)Magic Empire Global Limited provides initial public offering sponsorship, financial and independent financial advisory, post-listing compliance advisory, and underwriting services to corporations in Hong Kong. The company was incorporated in 2016 and is headquartered in Central, Hong Kong.
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