RTTNews | Jan 31, 2022 10:51AM EST

10:51 Monday, January 31, 2022 (RTTNews.com) - Shares of FGI Industries Ltd. (FGI) surged over 43% on Monday morning despite no stock-related news release from the company to drive the shares.

FGI is currently trading at $5.40, up $1.63 or 43.30%, on the Nasdaq.

FGI Industries, a supplier of kitchen and bath products, had last week priced its IPO of 2.5 million units, each consisting of one ordinary share and one warrant to purchase one ordinary shares, at $6.00 per unit.

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