GRANDE GROUP LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING

Rhea-AI Summary

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.

Positive

• Successfully raised $9.375 million in gross proceeds through IPO
• Listing on major exchange (Nasdaq Capital Market) increases visibility and access to capital
• Underwriters granted 45-day option for additional 15% shares, showing confidence in the offering
• Clear growth strategy with proceeds allocated to business expansion and new service development

Negative

• Relatively small IPO size of $9.375 million may limit growth potential
• Potential dilution if underwriters exercise their option for additional shares
• High dependence on Hong Kong market may pose geographical concentration risk

Insights

IPO & Financial Markets Specialist

GRAN completed its $9.4M Nasdaq IPO at $5/share, securing capital for expansion of financial services in Hong Kong.

Grande Group Limited has successfully completed its initial public offering on the Nasdaq Capital Market, raising $9.375 million in gross proceeds by offering 1,875,000 Class A ordinary shares at $5.00 per share. The Hong Kong-based financial services firm, which specializes in corporate finance advisory and IPO sponsorship, began trading under the ticker symbol "GRAN" on July 1.

The underwriters, led by Cathay Securities, have a 45% day option to purchase an additional 281,250 shares, representing 15% of the initial offering. This overallotment provision could potentially increase the total capital raised if exercised.

Grande Group has outlined a strategic allocation for the proceeds, focusing on four key areas:

• Strengthening its core corporate finance advisory business
• Developing asset management capabilities
• Establishing equity capital market services
• General working capital requirements

This IPO represents a significant milestone for Grande Group, providing the financial resources to expand beyond its current focus on advisory and sponsorship services. The move to develop asset management and equity capital market services signals a strategic diversification within the financial services sector, potentially creating new revenue streams beyond the company's existing corporate finance advisory foundation.

Hong Kong, July 02, 2025 (GLOBE NEWSWIRE) -- GRANDE GROUP LIMITED (“GRAN” or the “Company”), a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services through its Hong Kong subsidiary, Grande Capital Limited, today announced the closing of its initial public offering (the “Offering”) of 1,875,000 Class A ordinary shares (the “Class A Ordinary Shares”) at the price of $5.00 per share (the “Offering Price”). 

The Class A Ordinary Shares commenced trading on the Nasdaq Capital Market on July 1, 2025, under the ticker symbol “GRAN.”

The Company received gross proceeds of approximately US$9.375 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 281,250 Class A Ordinary Shares of the Company at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “Over-Allotment Options”).

The Company intends to use the net proceeds from the Offering for strengthening the corporate finance advisory business, developing the asset management business, establishing equity capital market services, and general working capital purposes.

The Offering was conducted on a firm commitment basis. Cathay Securities, Inc. acts as the underwriter (the “Underwriter”) for the Offering. Ortoli Rosenstadt LLP acts as the U.S. securities counsel to the Company. Ogier acts as the British Virgin Islands legal counsel to the Company. Loong & Yeung and David Fong & Co. act as the Hong Kong legal counsels to the Company. WWC, P.C. acts as the independent registered public accounting firm of the Company.  Hunter Taubman Fischer & Li LLC acts the U.S. securities counsel to the Underwriter, in connection with the Offering.

The Offering was conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-283705) previously filed with, and subsequently declared effective on June 30, 2025 by the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus describing the terms of the Offering was filed with the SEC on July 1, 2025 and is available on the SEC’s website at www.sec.gov. Alternatively,  the copies of the final prospectus related to the Offering may be obtained, when available, from Cathay Securities, Inc.: 40 Wall St Suite 3600, New York, NY 10005, United States, Attention: Shell Li, or via email at service@cathaysecurities.com or telephone at +1 (855) 939-3888.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Grande Group Limited

Through its Hong Kong subsidiary, Grande Capital Limited, Grande Group Limited is a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services. Grande Capital Limited is licensed with the Securities and Futures Commission of Hong Kong (“HKSFC”) to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong. For more information, please visit: https://grande-capital.com/

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding its intended use of proceeds from the sale of the Company’s Class A Ordinary Shares in the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. 

For more information, please contact:

Grande Group Limited Investor Relations Contact:
Christensen Advisory
Joanna Quan
Email:grande.capital@christensencomms.com 
Tel: +86-10-5900-1548

FAQ

What is the IPO price of Grande Group Limited (NASDAQ:GRAN)?

Grande Group Limited's IPO price was set at $5.00 per share, with the company offering 1,875,000 Class A ordinary shares.

How much money did Grande Group (GRAN) raise in its IPO?

Grande Group raised $9.375 million in gross proceeds from its initial public offering, before deducting underwriting discounts and other offering expenses.

When did Grande Group (GRAN) stock start trading on Nasdaq?

Grande Group's Class A Ordinary Shares began trading on the Nasdaq Capital Market on July 1, 2025, under the ticker symbol 'GRAN'.

How will Grande Group use its IPO proceeds?

The company will use the proceeds for strengthening corporate finance advisory business, developing asset management business, establishing equity capital market services, and general working capital purposes.

Who was the underwriter for Grande Group's IPO?

Cathay Securities, Inc. acted as the underwriter for Grande Group's IPO, which was conducted on a firm commitment basis.