GRANDE GROUP LIMITED ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING

Rhea-AI Summary

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.

Positive

• IPO expected to raise $9.375 million in gross proceeds
• Listing on a major exchange (Nasdaq Capital Market)
• Clear growth strategy with proceeds allocated to business expansion and development
• Firm commitment offering structure provides greater certainty of capital raising

Negative

• Relatively small IPO size may limit institutional investor interest
• Concentrated business focus in Hong Kong market may limit global growth potential

Insights

IPO Specialist

Hong Kong financial services firm Grande Group prices $9.38M Nasdaq IPO at $5 per share, targeting corporate finance expansion.

Grande Group Limited has priced its initial public offering at $5.00 per Class A Ordinary Share, offering 1,875,000 shares to raise approximately $9.375 million in gross proceeds. This Hong Kong-based financial services firm, which specializes in corporate finance advisory and IPO sponsor services through its subsidiary Grande Capital Limited, is set to begin trading on the Nasdaq Capital Market under ticker symbol "GRAN" on July 1, 2025.

The relatively modest offering size suggests the company is taking a measured approach to public markets. With $9.375 million in gross proceeds (potentially reaching $10.78 million if the 15% over-allotment option is exercised), Grande Group has outlined a strategic allocation of funds toward strengthening its core corporate finance advisory business while simultaneously expanding into complementary financial services.

The company's growth strategy appears focused on vertical integration within financial services - enhancing existing corporate finance capabilities while developing asset management and equity capital market offerings. This approach could potentially create synergies across business lines, allowing Grande to offer more comprehensive solutions to clients throughout their financial lifecycle.

The firm commitment underwriting (versus best efforts) indicates underwriter confidence in the offering, though having a single underwriter (Cathay Securities) rather than a larger syndicate may limit initial distribution reach. The timing of this IPO amid continued market volatility for small-cap offerings suggests management confidence in their growth narrative despite challenging market conditions for smaller IPOs.

Hong Kong, July 01, 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 pricing 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 Class A Ordinary Shares (the “Offering Price”).

The Class A Ordinary Shares are expected to commence trading on the Nasdaq Capital Market on July 1, 2025 under the ticker symbol “GRAN.” The Offering is expected to close on July 2, 2025, subject to the satisfaction of customary closing conditions.

The Company expects to receive 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 (the “Over-Allotment Option”) to purchase up to an additional 281,250 Class A Ordinary Shares at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “Over-allotment”). 

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

The Offering is being 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”). The Offering is being made only by means of a prospectus. 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, or via the SEC’s website at www.sec.gov.
 
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 the expected trading of its Class A Ordinary Shares on the Nasdaq Capital Market, its intended use of proceeds and the closing of 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 for Grande Group Limited (GRAN) shares?

Grande Group Limited has priced its IPO at $5.00 per Class A Ordinary Share.

When will GRAN stock start trading on Nasdaq?

GRAN shares are expected to commence trading on the Nasdaq Capital Market on July 1, 2025.

How many shares is Grande Group Limited (GRAN) offering in its IPO?

The company is offering 1,875,000 Class A ordinary shares, with an additional over-allotment option of up to 281,250 shares.

How will Grande Group Limited use its IPO proceeds?

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

Who is the underwriter for the Grande Group Limited IPO?

Cathay Securities, Inc. is acting as the underwriter for the IPO.