Ryde Group Ltd.’s Quiet Period To Expire on April 15th (NYSEAMERICAN:RYDE)

Ryde Group’s (NYSEAMERICAN:RYDE) quiet period will expire on Monday, April 15th. Ryde Group had issued 3,000,000 shares in its initial public offering on March 6th. The total size of the offering was $12,000,000 based on an initial share price of $4.00. During Ryde Group’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Ryde Group Price Performance

Shares of RYDE stock opened at $2.25 on Friday. Ryde Group has a 1 year low of $2.02 and a 1 year high of $8.12.

About Ryde Group

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.