Riku Dining Group, which operates and franchises Japanese-style restaurants in Canada and Hong Kong, filed on Friday with the SEC to raise up to $16 million in an initial public offering.
The company is a restaurant operator with Japanese-themed dining concepts in Canada and Hong Kong. In Canada, it holds the franchise for Ajisen Ramen, operating four restaurants directly and sub-franchising nine others across Ontario. In Hong Kong, it franchises three brands across seven restaurants: Yakiniku Kakura, Yakiniku 801, and Ufufu Café.
The Toronto, Canada-based company was founded in 2025 and booked $19 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol RIKU. Riku Dining Group filed confidentially on March 13, 2025. Eddid Securities and Futures is the sole bookrunner on the deal. No pricing terms were disclosed.
