Grande Group, a Hong Kong-based provider of financial advisory and IPO sponsorship services, filed on Tuesday with the SEC to raise up to $10 million in an initial public offering.
The company plans to raise $10 million by offering 2.3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Grande Group would command a market value of $113 million.
The company operates through its subsidiary Grande Capital, which is a boutique financial firm that focuses on providing IPO sponsorship services and corporate financial advisory services to clients in Asia. Since 2018, Grande Capital has sponsored and completed 16 successful IPOs on the Hong Kong Stock Exchange.
Grande Group was founded in 2018 and booked $5 million in revenue for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol GRAN. The company filed confidentially on July 24, 2024. Cathay Securities is the sole bookrunner on the deal.
