J-Long Group opens at $7.50, IPO priced at $5 per share

J-Long Group, an established distributor in Hong Kong of reflective and non-reflective garment trims, priced its initial public offering of 1.4M ordinary shares at a public offering price of $5.00 per ordinary share. The ordinary shares are trading on the Nasdaq Global Market under the symbol “JL.” Eddid acted as sole book running manager for the offering.