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Grande Group Limited Announces Pricing of Initial Public Offering

Strategic Insights

— 1 min read

GRANDE GROUP LIMITED ("GRAN" or the "Company"), a Hong Kong-based financial services provider, announced the pricing of its initial public offering (the "Offering") of 1,875,000 Class A ordinary shares at the price of $5.00 per Class A Ordinary Shares (the "Offering Price"). 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.

Key Takeaways:

  • The Company has priced its initial public offering (IPO) of 1,875,000 Class A ordinary shares at $5.00 per share, with a total gross proceeds of US$9.375 million.
  • The Offering is expected to close on July 2, 2025, subject to the satisfaction of customary closing conditions.
  • The Company will use the net proceeds from the Offering for corporate finance advisory business, asset management business, equity capital market services, and general working capital purposes.
  • The Class A Ordinary Shares are expected to commence trading on the Nasdaq Capital Market on July 1, 2025, under the ticker symbol "GRAN".
  • Cathay Securities, Inc. is acting as the underwriter for the Offering, with Ortoli Rosenstadt LLP, Ogier, Loong & Yeung, David Fong & Co., and WWC, P.C. serving as legal counsel to the Company.
  • Hunter Taubman Fischer & Li LLC is acting as the U.S. securities counsel to the Underwriter.

Statistics:

  • 1,875,000 Class A ordinary shares will be issued at an Offering Price of $5.00 per share.
  • Gross proceeds of US$9.375 million are expected to be received from the Offering.
  • 281,250 additional shares may be purchased by the underwriters under the 45-day Over-allotment Option.
  • The Offering is expected to close on July 2, 2025.

Sources:

  • GlobeNewswire (MIL-OSI), "Grande Group Limited Announces Pricing of Initial Public Offering"
  • News release dated July 1, 2025
  • Grande Group Limited website, https://grande-capital.com/

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