Ryde Group (RYDE) IPO Opens at $3.70, IPO Priced at $4
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Ryde Group Ltd Announces Pricing of Initial Public Offering
March 5, 2024 7:30 PM ESTSINGAPORE--(BUSINESS WIRE)-- Ryde Group Ltd (Ryde or the Company), a technology company with a leading platform for mobility and quick commerce in Singapore, announced today the pricing of its initial public offering (the Offering) of 3,000,000 Class A ordinary shares at a price of US$4.00 per share to the public, for a total of US$12,000,000 of gross proceeds to the Company, before deducting underwriting discounts and other offering expenses.
The Company has granted a 45-day option to the underwriters to purchase up to 450,000 additional Class A ordinary shares, representing 15% of the Class A ordinary shares sold in this Offering,... More
