NIP Group Inc.’s Lock-Up Period To End on January 22nd (NASDAQ:NIPG)

NIP Group’s (NASDAQ:NIPG) lock-up period will end on Wednesday, January 22nd. NIP Group had issued 2,250,000 shares in its public offering on July 26th. The total size of the offering was $20,250,000 based on an initial share price of $9.00. After the end of NIP Group’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Separately, Maxim Group initiated coverage on NIP Group in a report on Thursday, December 19th. They issued a “buy” rating and a $12.00 price target on the stock.

NIP Group Stock Up 2.7 %

Shares of NIP Group stock opened at $7.14 on Friday. NIP Group has a one year low of $5.40 and a one year high of $17.76. The business has a 50-day moving average price of $6.67.

Institutional Investors Weigh In On NIP Group

An institutional investor recently bought a new position in NIP Group stock. GAMMA Investing LLC acquired a new stake in shares of NIP Group Inc. (NASDAQ:NIPG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,622 shares of the company’s stock, valued at approximately $44,000.

About NIP Group

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.