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Hong Kong advisory firm Grande Group revises terms ahead of $9 million US IPO

January 30, 2025

Grande Group, a Hong Kong-based provider of financial advisory and IPO sponsorship services, lowered the proposed deal size for its upcoming IPO on Thursday.

The company now plans to raise $9 million by offering 1.9 million shares at a price range of $4 to $6. It had previously filed to offer 2.3 million shares at a range of $4 to $5. At the midpoint of the revised range, Grande Group will raise 7% less in proceeds than previously anticipated.

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 was founded in 2018 and booked $5 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol GRAN. Cathay Securities is the sole bookrunner on the deal.