Grande Group Closes Initial Public Offering, Raises $9.375 Million

GRANDE GROUP LIMITED, a Hong Kong-based financial services provider, has closed its initial public offering (IPO) of 1,875,000 Class A ordinary shares at $5.00 per share, raising approximately $9.375 million. The company intends to use the proceeds for strengthening its corporate finance advisory business, developing its asset management business, and general working capital purposes. The shares commenced trading on the Nasdaq Capital Market under the ticker symbol "GRAN."