Riku Dining Group, which operates and franchises Japanese-style restaurants in Canada and Hong Kong, announced terms for its IPO on Monday.
The Toronto, Canada-based company plans to raise $25 million by offering 5 million shares at a price range of $4 to $6.
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.
Riku Dining Group was founded in 2025 and booked $16 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol RIKU. Eddid Securities and Futures is the sole bookrunner on the deal.
