Xunlei Limited's IPO Quiet Period Expiration Opens Buying Opportunity
- July 18 marks the end of the SEC-enforced 25 day quiet period on underwriter research for XNET; July 19th is the first day underwriters can release reports.
- These detailed research reports will likely be positive and cause a short-term price increase in XNET in the days preceding and following the quiet period expiration date.
- Although XNET has not performed with consistent strength, its IPO was positive, suggesting investor confidence and excitement in Chinese tech firms.
- XNET’s reputable underwriters, including J.P. Morgan and Citigroup, will likely help boost the price of XNET shares at this time.