I think there is some kind of "quiet period" underwriters follow related to a follow-on offering (as well as IPOs), but I don't know specifics and am too lazy to try to find out.
My interest is JP Morgan joining the underwriter list on the last common offering. I wonder if the research department is waiting for a quiet period to end before initiating coverage of NRF (with a buy recommendation, of course). Such coverage and recommendation, if it comes, would be a huge boost to NRF's visibility and price.
If such a quiet period exists, I doubt it is longer than 30 days. If this speculative hunch is correct (more like a feeling in my bones), JPM could speak next week.
Even if they don't, 21 cents in Nov will speak for itself. I can wait.
Anybody got cited facts on underwriter quiet period?
Not sure if this is current. Also, too lazy to check;
Under current rules, the quiet period is
•40 days following the date of the initial public offering for lead underwriters and 25 days after the offering for other underwriters or dealers;
•10 days following a follow-on offering; and
• 15 days before and after expiration, waiver or termination of a lock-up agr