Grande Group Announces Full Exercise of Over-allotment Option for Additional $1.41mln Gross Proceeds

Grande Group Limited announced the full exercise of the underwriter's over-allotment option to purchase an additional 281,250 Class A ordinary shares at $5.00 per share, increasing the gross proceeds from the initial public offering to approximately $10.78 million. The company intends to use the net proceeds for corporate finance advisory business, asset management business, equity capital market services, and general working capital purposes. The offering was conducted on a firm commitment basis with Cathay Securities as the underwriter.

Hong Kong-based financial services provider Grande Group Limited (NASDAQ: GRAN) has announced the full exercise of the underwriter's over-allotment option, adding $1.4 million to its initial public offering (IPO) gross proceeds. The company's IPO, which began trading on the Nasdaq Capital Market on July 1, 2025, has now generated a total of approximately $10.78 million before deducting underwriting discounts and expenses [1].

The additional shares, 281,250 Class A ordinary shares, were purchased at $5.00 per share by Cathay Securities, the underwriter. This exercise indicates strong initial market demand for Grande Group's shares, as it suggests that the underwriter believed there was sufficient interest to support additional share placement beyond the initial offering [1].

The company plans to use the net proceeds from the IPO to strengthen its corporate finance advisory business, develop its asset management operations, establish equity capital market services, and cover general working capital needs. These strategic areas reflect Grande Group's focus on both reinforcing its core business and expanding its service offerings [1].

The relatively modest IPO size of $10.78 million reflects Grande Group's current scale but provides a meaningful foundation for executing its growth initiatives in competitive Asian financial markets [1]. The successful capital raise signals a positive start for the newly public company, positioning it to potentially accelerate its development trajectory.

For more information about Grande Group Limited, visit their website at [https://grande-capital.com/](https://grande-capital.com/) [1].

References:
[1] https://www.stocktitan.net/news/GRAN/grande-group-limited-announces-full-exercise-of-underwriter-s-over-rd4bk5u78gpl.html