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Ryde Group Priced, NYSE American: RYDE

Operates a ride-hailing app in Singapore.

Industry: Technology

Latest Trade: $7.13 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: +78.3%

Industry: Technology

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. Our mobility business segment includes carpooling and ride-hailing. Carpooling is about sharing rides and is provided via our RydePOOL service in our mobile app. We started off with only carpooling services, but ride-hailing services was a natural adjacency for us as we have the technology and the platform to enable it. Our ride-hailing services allow riders to determine the number of seats they require for the trip, and offers real-time, on-demand bookings as well as advance bookings and multi-stop options. We started to grow our offerings in this space and currently have the following different service offerings: RydeX, RydeXL, RydeLUXE, RydeFLASH, RydePET, RydeHIRE, and RydeTAXI services. Quick Commerce is a package delivery booking service, which enables driver partners to accept bookings for package delivery services through our driver partner app.
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IPO Data
IPO File Date 08/31/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.0
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/06/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.0
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Singapore
Founded 2014
Employees 31
Website www.rydesharing.com

Ryde Group (RYDE) Performance