Lockset maker Intelligent Living Application Group stock jumps 32% [Seeking Alpha]
Intelligent Living Application Group Inc. (ILAG)
Company Research
Source: Seeking Alpha
Lockset maker Intelligent Living Application Group stock jumps 32%Aug. 02, 2022 12:00 PM ETIntelligent Living Application Group Inc. (ILAG)By:Val KennedySA News EditorismagilovLockset maker Intelligent Living Application Group (NASDAQ:Shares opened at $2.49, reaching a high of $2.80 in early trading before slipping to a low of $2.16 in latemorning. They recently changed hands at $2.48, up 32% from Monday's close, at approximately 11:40 a.m. ET.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.The company raised $20M through an initial public offering on July 13, offering 5M shares for $4 per share. Shares of the lockset makersoared during their market debutsecond day of trading.For more on Intelligent Living, check out SA contributor Donovan Jonesâ??sâ??Intelligent Living Application Group Proposes IPO Plan.â?
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