Here's How HeartCore Enterprises, Inc Has Performed Since Its IPO

HeartCore Enterprises, Inc HTCR opened up its shares for public trading for the first time since it filed for IPO in January 2022. The company agreed to initially offer 3.00 million shares to the public at a $5.00 per share. On its first day of trading, the stock decreased -6.34% from its opening price of $5.0 to its closing price of $4.68.

HeartCore Enterprises, Inc Performance On First Day of Trading

About HeartCore Enterprises, Inc and It's IPO

HeartCore Enterprises, Inc is a leading software development company based in Tokyo, Japan. We provide software through two business units. The first business unit includes a customer experience management business that has been in existence for 12 years

For its IPO, HTCR agreed to offer 3.00 million shares at a price of $5.00 per share, with an insider lock-up period of 180, ending on August 09, 2022.

An insider lock-up period is a period of time after a company first goes public where major shareholders are not allowed to sell their shares. The insider lock-up period makes sure that the market does not get oversupplied with shares of the company.

Traders may short the stock leading up to the lockup-period expiration date in hopes that the price will fall due to an increase in supply of shares. Retail traders should be watching this stock's short interest as it moves closer to lockup expiration.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.