Arco Platform’s (NASDAQ:ARCE) quiet period is set to end on Monday, November 5th. Arco Platform had issued 11,111,111 shares in its public offering on September 26th. The total size of the offering was $194,444,443 based on an initial share price of $17.50. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Several equities analysts have weighed in on the stock. Itau BBA Securities assumed coverage on shares of Arco Platform in a report on Monday, October 22nd. They set an “outperform” rating and a $27.00 target price for the company. Morgan Stanley assumed coverage on shares of Arco Platform in a report on Monday, October 22nd. They set an “overweight” rating and a $27.00 target price for the company. Finally, Goldman Sachs Group assumed coverage on shares of Arco Platform in a report on Sunday, October 21st. They set a “buy” rating and a $26.00 target price for the company.
NASDAQ:ARCE opened at $21.31 on Wednesday. Arco Platform has a twelve month low of $20.20 and a twelve month high of $25.59.
Arco Platform Company Profile
Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.
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