Grande Group Limited (GRAN) priced its small IPO at $5.00 – the mid-point of its $4.00-to-$6.00 range – and sold 1.875 million shares – the number in the prospectus – to raise $9.38 million on Monday night, June 30, 2025. Grande Group’s stock opened at $5.90 – up 90 cents for an 18 percent gain – at noon EDT today – July 1, 2025 – in its NASDAQ debut on volume of 154,468 shares. Shares of Grande Group hit a session high of $6.47 on Tuesday, July 1st, and then came back down to earth to break issue price and close at $4.60 on volume of about 2.01 million shares.
At pricing, Grande Group had a market cap of $110.81 million.
Cathay Securities was the sole book-runner.
Grande Group is the parent of Grande Capital, a Hong Kong boutique financial firm that specializes in IPOs, corporate financial advisory services and referral services. The parent company, Grande Group Limited, is incorporated in the British Virgin Islands.
Since first obtaining its licenses under the SFO on Jan. 23, 2018, Grande Capital has sponsored and completed 16 successful IPOs on the Hong Kong Stock Exchange, according to the prospectus.
Grande Group is profitable, according to the financial statements in the prospectus: Net income of $1.9 million on revenue of $4.7 million for the 12 months that ended Sept. 30, 2024. The company was founded in 2018.
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