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RYDE / Ryde Group Readies $10 Million U.S. Micro-IPO

Ryde Group Ltd. has plans to raise $10.125 million in an IPO for its car-pooling and ride-hailing service platform in Singapore. The company's financial performance shows growing revenue from a small base, positive gross profit, and a swing to operating profit. However, the firm's small size, thin capitalization, and high valuation expectations make it a high-risk investment. Read More

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Posted: Oct 30 2023, 15:15

Author Name: Seeking Alpha

RYDE News

By Seeking Alpha
October 30, 2023

Ryde Group Readies $10 Million U.S. Micro-IPO

Ryde Group Ltd. has plans to raise $10.125 million in an IPO for its car-pooling and ride-hailing service platform in Singapore. The company's financi

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