Ryde Group Ltd Rings NYSE Closing Bell to Celebrate IPO Success
Executives and guests of Ryde Group Ltd (NYSE American: RYDE) gathered at the New York Stock Exchange to ring the Closing Bell in celebration of the Company’s successful IPO. The ceremony, held on Thursday, April 4, 2024, marked a significant milestone for the Singapore-based technology company.
Terence Zou, CEO and Founder of Ryde, had the honor of ringing the Closing Bell, alongside CFO Chen Fei Lang and CTO Nitin Dolli. The event highlighted Ryde’s achievement as the first Singaporean ride-hailing start-up to IPO on the NYSE, following the Company’s IPO on March 8, 2024.
“We are honored to have rung the New York Stock Exchange closing bell,” said Mr. Zou. “As the first Singaporean ride-hailing start-up to IPO on the NYSE, we believe our carpooling, ride-hailing, and quick commerce delivery services bring Singapore’s communities closer and make mobility more sustainable.”
The IPO saw the sale of 3,000,000 Class A ordinary shares at a price of US$4.00 per share, raising a total of US$12,000,000 in gross proceeds for Ryde. Mr. Zou announced that a significant portion of the IPO proceeds will be used to expand into new markets and invest in technological improvements to drive future growth.
Ryde, known as the first carpool app developed in Singapore, has evolved to offer a full suite of mobility and delivery services, including on-demand and scheduled carpooling, ride-hailing, and parcel delivery. The Company’s mission is to positively impact the lives of riders and drivers by leveraging technology to enhance the movement of people and goods.
For more information about Ryde Group Ltd, visit their website at https://rydesharing.com/. A replay of the Closing Bell ceremony can be viewed at https://www.youtube.com/watch?v=MDMDUecVJVU.
Contact:
Media Team
Ryde Group Ltd
Email: media@rydesharing.com
Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.com
Skyline Corporate Communications Group, LLC
Email: info@skylineccg.com
Source: https://www.businesswire.com/news/home/20240404564628/en/
