Intelligent Living Application Shares Surge on Nasdaq Debut

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Intelligent Living Application Shares Surge on Nasdaq Debut

Dow Jones2022-07-13

By Stephen Nakrosis

Shares of Intelligent Living Application Group Inc. were trading more than 370% higher during their Nasdaq debut Wednesday.

At 11:10 a.m. ET, the stock, which trades under the symbol ILAG, had risen 376.75% to trade at $19.07 a share.

The company priced its initial public offering of 5.06 million shares at $4 a share. The stock opened trading at $22.01 a share and touched as high as $23.99 earlier in the session.

The Hong Kong-based company said it sells high-quality mechanical locksets to customers mainly in the U.S. and Canada.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

$(END)$ Dow Jones Newswires

July 13, 2022 11:28 ET (15:28 GMT)

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DuckF4rt
·2022-07-14
Now it's a 8
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