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Ryde Group Priced, NYSE American: RYDE

Operates a ride-hailing app in Singapore.

Industry: Technology

Latest Trade: $0.23 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -94.4%

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.
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 at IPO 31
Website www.rydesharing.com

Ryde Group (RYDE) Performance

Created with Highcharts 10.3.2Chart context menuRYDE vs. IPO Index (IPOUSA)Apr '24May '24Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24Jan '25Feb '25Mar '25Apr '250%+ 500%-250%+ 250%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexRYDEOur ETF tracks the IPO Index