Intelligent Living Application Group Inc.

Intelligent Living Application Group Inc. (ILAG) priced its initial public offering on Jul 14, 2022 at $4.00 per share, raising $20.2M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $72.2M. FisherBroyles, Conyers Dill & Pearman and Allbright Law Offices advised the company and VCL Law advised the underwriters.

Intelligent Living Application Group Inc. is headquartered in Hong Kong and manufactures and sells mechanical locksets, mainly to customers in the United States and Canada, through its subsidiary Xingfa. Its product lines include smart locks, and it offers products meeting ANSI Grade 2 and Grade 3 standards.

Status

IPO

Ticker

ILAG

Exchange

Nasdaq Capital Market

Priced

Jul 14, 2022

IPO price

$4.00

Raised

$20.2M

Market cap at IPO price

$72.2M

First filed

Sep 9, 2020

Company counsel

FisherBroyles, Conyers Dill & Pearman and Allbright Law Offices

Underwriters' counsel

VCL Law

Sector

Consumer

Country / state

Hong Kong

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.