Hong Kong financial consulting and IPO sponsoring service provider Gran Group (GRAN.US) plans to price its IPO at $4-5 per share, aiming to raise $10 million.

Hong Kong-based Grande Group (GRAN.US) officially submitted its IPO application to the U.S. Securities and Exchange Commission (SEC) on Tuesday, aiming to raise up to $10 million through an initial public offering (IPO). The group plans to issue 2.3 million shares priced between $4 and $5 per share, with an estimated market value of $113 million at the midpoint of the range. The stock symbol will be GRAN, and the group plans to list on the Nasdaq. Grande Group is a leading company offering financial consulting and IPO underwriting services. The group operates through its subsidiary Grande Capital, a boutique financial firm specializing in providing comprehensive IPO underwriting and corporate financial advisory services to Asian clients. Since its establishment, Grande Capital has successfully underwritten and completed 16 IPO projects on the Hong Kong Stock Exchange, demonstrating its professional strength and extensive experience in the industry. Established in 2018, Grande Group generated $5 million in revenue in the 12 months ending March 31, 2024, showcasing its steady business growth and strong financial performance. The IPO application was submitted in confidential form on July 24, 2024, with Guotai Securities as the sole bookrunner for the transaction and responsible for the related processes and execution.