rYojbaba, a Japanese provider of osteopathic health care and labor consulting services, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $5. At pricing, the company commands a market value of $45 million.
Because the company has a market cap of less than $50 million at pricing, rYojbaba will be excluded from Renaissance Capital's 2025 IPO stats.
The company offers ostepathic health care services and labor consulting services. rYojbaba states that the focus of its health services is to treat work-related stress and resulting ailments. It directly operates 27 health clinics, and 2 osteopathy beauty salons. Through these facilities, rYojbaba offers judo therapy, acupuncture, moxibustion, and massages.
rYojbaba plans to list on the Nasdaq under the symbol RYOJ. D. Boral Capital acted as sole bookrunner on the deal.
