Diginex Ltd's (NASDAQ:DGNX) Quiet Period Approaches Expiration

Diginex Ltd (NASDAQ:DGNX) is nearing the end of its quiet period, which is set to expire on Monday, March 3rd. The company had conducted a public offering on January 22nd, during which it issued a total of 2,250,000 shares. This offering raised $9,225,000 at an initial share price of $4.10.

Throughout the quiet period, regulations from the Securities and Exchange Commission (SEC) have restricted underwriters and insiders who were involved in the IPO from releasing any research reports. Once the quiet period concludes, it is anticipated that the brokerage firms that acted as underwriters will begin providing research coverage for Diginex.

Recent Trading Activity

As of Monday, shares of DGNX opened at a price of $51.07. Over the past year, Diginex shares have experienced significant fluctuations, with a low of $3.60 and a high reaching $62.62.

Company Overview

Diginex operates through its wholly owned subsidiary, DSL. Diginex Limited holds complete ownership of DSL and all of its associated businesses and subsidiaries. DSL focuses on using technology to address critical Environmental, Social, and Governance (ESG) issues, including climate change and sustainability. By leveraging blockchain technology, machine learning, and data analysis, DSL aims to enhance transparency in corporate social responsibility and proactive climate action initiatives.

Additional Information

For those interested in receiving updates, individuals can subscribe to a daily newsletter that offers news and analyst ratings for Diginex and similar companies.

Diginex, Stocks, Investment