12:05 PM EDT, 07/02/2025 (MT Newswires) -- Grande Group ( GRAN ) said Wednesday it has completed an initial public offering of nearly 1.9 million class A ordinary shares at $5.00 each, raising about $9.4 million before expenses.

The Hong Kong-based financial services company said its shares began trading on the Nasdaq Capital Market on July 1 under the ticker symbol "GRAN."

Underwriters have a 45-day option to buy up to 281,250 more shares at the same price, the company said.

Grande said it plans to use the net proceeds to enhance its corporate finance advisory services, expand into asset management, build equity capital market services, and for working capital.

Shares of the company were up more than 6% in recent trading.

Price: 4.90, Change: +0.30, Percent Change: +6.52