GSIW News

Despite expectations of some major post-Thanksgiving launches, just two small Asian issuers listed in the US this past week. Hong Kong-based financial services firm Garden Stage (GSIW) offered more shares and priced at the low end to raise $10 million at a $64 million market cap. Through its subsidiaries, the company provides placement and underwriting services,...read more

Eleven US IPOs raised a combined $708 million in November, well below the month's historical 10-year average (16 IPOs, $4.2B). Deal flow was led by three sizable issuers, and remaining activity came from smaller companies, all of which raised $33 million or less. The month's IPOs averaged a weak -22% return from offer, and only two deals finished above issue, both of which raised...read more

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...read more

Garden Stage, a Hong Kong-based provider of underwriting and brokerage services, lowered the proposed deal size for its upcoming IPO on Tuesday. The company now plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. Concurrently, selling shareholders are registering 1.8 million shares pursuant to a separate resale prospectus. The company had...read more