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Garden Stage Priced, Nasdaq: GSIW

Hong Kong-based provider of underwriting and brokerage services.

Industry: Financials

Latest Trade: $0.67 0.00 (0.0%)

First Day Return: +155.0%

Return from IPO: -83.3%

Industry: Financials

We are a Hong Kong-based financial services provider principally engaged in the provision of (i) placing and underwriting services; (ii) securities dealing and brokerage services; and (iii) asset management services. Our business is carried out through our wholly owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong. I Win Securities is the Stock Exchange Participant and holds one Stock Exchange Trading Right. In addition, I Win Securities is a participant of the HKSCC. Our revenues were US$3.3 million and US$2.3 million for FY 2023 and FY 2022, respectively. We recorded net loss of US$0.2 million and US$0.5 million for FY 2023 and 2022, respectively. We plan to keep our business growing by strengthening our securities brokerage, underwriting and placement services and develop our asset management business and margin financing services. Our diversified business portfolio allows us to create synergies between our business lines, generate new business opportunities for each business segment and provide integrated financial services to clients.
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IPO Data
IPO File Date 06/30/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/30/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Revere Securities
Dominari Securities
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Company Data
Headquarters Hong Kong, China
Founded 2016
Employees at IPO 12
Website www.iwinsec.com

Garden Stage (GSIW) Performance