Dragon Victory International’s (NASDAQ:LYL) lock-up period is set to end on Wednesday, April 18th. Dragon Victory International had issued 1,421,394 shares in its IPO on October 20th. The total size of the offering was $8,528,364 based on an initial share price of $6.00. 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.
LYL stock opened at $3.60 on Tuesday. Dragon Victory International has a one year low of $3.09 and a one year high of $14.99.
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About Dragon Victory International
Dragon Victory International Limited provides reward-based crowdfunding in China. It operates 5etou, an online crowdfunding platform at 5etou.cn that enables project searching for funding to connect with funding sources. The company also offers business incubation services related to marketing, sales, strategic planning, and guidance and general resources in ancillary services, such as coordinating human resources, legal, accounting, operations, assisting with feasibility studies, and other types of services.
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