Hostess Brands Inc’s (GRSHU) Quiet Period To End on October 17th

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Hostess Brands’ (NASDAQ:GRSHU) quiet period will end on Wednesday, October 17th. Hostess Brands had issued 37,500,000 shares in its public offering on September 7th. The total size of the offering was $375,000,000 based on an initial share price of $10.00. During Hostess Brands’ quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Shares of GRSHU opened at $10.23 on Friday. Hostess Brands has a one year low of $10.12 and a one year high of $10.65.

Hostess Brands Company Profile

Hostess Brands, Inc, formerly Gores Holdings, Inc, is a packaged food company. The Company’s segments include Sweet Baked Goods and Other. The Company is focused on developing, manufacturing, marketing, selling and distributing fresh baked sweet goods in the United States. The Company, through its subsidiary, Hostess Holdings, L.P., produces a range of treats, including Ding Dongs, Ho Hos, Donettes and Fruit Pies, in addition to Twinkies and CupCakes.

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