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GRANDE GROUP LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING

Hong Kong, July 02, 2025 (GLOBE NEWSWIRE) -- GRANDE GROUP LIMITED ("GRAN" or the "Company"), a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services through its Hong Kong subsidiary, Grande Capital Limited, today announced the closing of its initial public offering (the "Offering") of 1,875,000 Class A ordinary shares (the "Class A Ordinary Shares") at the price of $5.00 per share (the "Offering Price"). 

The Class A Ordinary Shares commenced trading on the Nasdaq Capital Market on July 1, 2025, under the ticker symbol "GRAN."

The Company received gross proceeds of approximately US$9.375 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 281,250 Class A Ordinary Shares of the Company at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the "Over-Allotment Options").

The Company intends to use the net proceeds from the Offering for strengthening the corporate finance advisory business, developing the asset management business, establishing equity capital market services, and general working capital purposes.

The Offering was conducted on a firm commitment basis. Cathay Securities, Inc. acts as the underwriter (the "Underwriter") for the Offering. Ortoli Rosenstadt LLP acts as the U.S. securities counsel to the Company. Ogier acts as the British Virgin Islands legal counsel to the Company. Loong & Yeung and David Fong & Co. act as the ...