Today’s IPO for Intelligent Living Application Group Inc. (ILAG) opened for trading at $22.01 after pricing 5,060,000 ordinary shares at a price of $4.00 per share.
The Offering was conducted on a firm commitment basis. Network 1 Financial Securities, Inc. is acting as sole book runner and lead underwriter for the Offering.
Intelligent Living Application Group Inc. is a premium lockset manufacturer in Hong Kong. Intelligent Living manufactures and sells high quality mechanical locksets to customers mainly in the United States and Canada and has continued to diversify and refine its product offerings in the past 40 years to meet its customers’ needs.
Source:investing.com