Hong Kong's Intelligent Living stock jumps 42% after rallying 64% in prior session [Seeking Alpha]
Intelligent Living Application Group Inc. (ILAG)
Company Research
Source: Seeking Alpha
Hong Kong's Intelligent Living stock jumps 42% after rallying 64% in prior sessionAug. 08, 2022 3:49 PM ETIntelligent Living Application Group Inc. (ILAG)By:Val KennedySA News EditorNikadaShares of lockset maker Intelligent Living Application Group (NASDAQ:Intelligent Living shares opened at $4.14, dropping early to a session low of $3.75 before jumping to a highof $7.28 in late morning. The stock recently traded at $5.13, up 42% from Friday's close, at approximately 3:15 p.m. ET.Shares of the companyplunged after its $20M initial public offeringfinished Fridayâ??s session 64% higher.Intelligent Livingâ??s float is around 8.7M shares, according to Yahoo Finance data. The company offered 5M shares priced at $4 per share for its IPO.Based in Hong Kong, Intelligent Living is a maker of mechanical locksets and electronic security devices. Its products are sold primarily in Canada and the US.For more IPO news, check out SAâ??s page.
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