IClick Analyst Terminates Coverage
Benchmark analyst Fawne Jiang terminated coverage of IClick Interactive Asia Group Limited (NASDAQ: ICLK) due to a reallocation of resources for the coverage group.
Investors should no longer rely on the previous rating, target price, or estimates.
On December 20, IClick received a preliminary non-binding proposal from IClick Chair, CEO, and co-founder Jian Tang owned Igomax Inc, director and co-founder Wing Hong Sammy Hsieh owned Bubinga Holdings Limited, and Huang Jianjun owned Rise Chain Investment Limited.
The purchase offer was $4.0672 per ADS in cash or $0.81344 per share.
The Consortium beneficially owns ordinary shares representing 63% of the aggregate voting power of IClick.
On December 28, IClick's board of directors approved a share repurchase of up to $5 million from January 1, 2023 - December 31, 2023.
Price Action: ICLK shares traded lower by 3.46% at $3.95 on the last check Friday.
Latest Ratings for ICLK
Date | Firm | Action | From | To |
|---|---|---|---|---|
Oct 2020 | ICBC Research | Initiates Coverage On | Buy | |
Jan 2020 | Alliance Global Partners | Initiates Coverage On | Buy | |
Aug 2019 | Benchmark | Maintains | Buy |
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