Garden Stage, a Hong Kong-based provider of underwriting and brokerage services, raised $10 million by offering 2.5 million shares at $4, the low end of the range of $4 to $5. The company offered 0.5 million more shares than anticipated.
Garden Stage is a financial services firm engaged in the provision of placing and underwriting services, securities dealing and brokerage services, and asset management services in Hong Kong. The company operates through subsidiaries I Win Securities and I Win Asset Management.
Garden Stage plans to list on the Nasdaq under the symbol GSIW. Revere Securities, Dominari Securities, and R.F. Lafferty & Co. acted as joint bookrunners on the deal.
