Ryde Group Ltd Announces Pricing of Initial Public Offering
The Company has granted a 45-day option to the underwriters to purchase up to 450,000 additional Class A ordinary shares, representing 15% of the Class A ordinary shares sold in this Offering, at the public offering price, less the underwriting discounts, solely to cover over-allotments, if any. All of the Class A ordinary shares are being offered by the Company. The Class A ordinary shares are expected to begin trading on the NYSE American on
A registration statement on Form F-1, as amended (File No. 333-274283) relating to the Offering, as amended, has been filed with the
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the
About
The first carpool app in
Ryde provides on-demand and scheduled carpooling and ride-hailing services, connecting riders with drivers. Ryde also provides on-demand, scheduled, and multi-stop parcel delivery services. From its origins as a carpool app, Ryde has expanded to provide a full suite of mobility and delivery options. For more information, please visit: https://rydesharing.com/
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240219823596/en/
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Media Team
Email: media@rydesharing.com
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Investor Relations Team
Email: investor@rydesharing.com
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