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Grande Group Limited (NASDAQ:GRAN), a Hong Kong-based financial services provider, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Capital Market. The company sold 1,875,000 Class A ordinary shares at $5.00 per share, raising gross proceeds of $9.375 million.
Trading commenced on July 1, 2025, under the ticker symbol "GRAN". The underwriters have a 45-day option to purchase an additional 281,250 shares. The company plans to use the proceeds to strengthen its corporate finance advisory business, develop asset management operations, establish equity capital market services, and for working capital. Cathay Securities, Inc. served as the underwriter for this firm commitment offering.
Grande Group Limited (NASDAQ:GRAN), a Hong Kong-based financial services provider specializing in corporate finance advisory and IPO sponsor services, has announced the pricing of its initial public offering. The company is offering 1,875,000 Class A ordinary shares at $5.00 per share, expecting to raise gross proceeds of approximately $9.375 million.
Trading of GRAN shares is scheduled to commence on the Nasdaq Capital Market on July 1, 2025, with the offering expected to close on July 2, 2025. The underwriters have been granted a 45-day option to purchase up to an additional 281,250 Class A Ordinary Shares at the offering price.
The company plans to use the proceeds for strengthening its corporate finance advisory business, developing asset management operations, establishing equity capital market services, and general working capital purposes. Cathay Securities, Inc. is serving as the underwriter for this firm commitment offering.
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