Grande Group, a Hong Kong-based provider of financial advisory and IPO sponsorship services, raised $9 million by offering 1.9 million shares at $5, within the range of $4 to $6.
The company operates through its subsidiary Grande Capital, which is a boutique financial firm that focuses on providing IPO sponsorship services, corporate financial advisory services, and referral services to clients in Asia. Since 2018, Grande Capital has sponsored and completed 16 successful IPOs on the Hong Kong Stock Exchange.
Grande Group plans to list on the Nasdaq under the symbol GRAN. Cathay Securities acted as sole bookrunner on the deal.
