Grande Group Limited Announces Pricing Of ~$9.375M Initial Public Offering Of 1.875M Class A Shares At A Price Of $5/Share

Author: Benzinga Newsdesk | July 01, 2025 11:02am

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.

Posted In: GRAN