Ryde Group (RYDE) Announces IPO

August 31, 2023 2:49 PM EDT

Ryde Group (NASDAQ: RYDE) has filed for a proposed IPO.

The company describes itself as: "Our vision is to become a “Super mobility app” where multiple mobility tools can be accessed and function seamlessly out of a single app, offering ultimate convenience and reliability for our customers. We currently operate in Singapore, with our core businesses in the following segments: (i) mobility, where we provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and (ii) quick commerce, where we provide on-demand, scheduled, and multi-stop parcel delivery services."

Maxim Group will serve as sole underwriter.

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