Ryde Group Ltd

Earnings data Q2 2024

Ryde Group Ltd. is an emerging growth company. It operates under the Mobility and Quick Commerce segments. The Mobility segment includes providing on-demand and scheduled carpooling and ride-hailing services, matching riders to driver partners. The Quick Commerce segment focuses on on-demand, scheduled, and multi-stop parcel delivery services. The company was founded on February 21, 2023 and is headquartered in Singapore.

SINGAPORE--(BUSINESS WIRE)--Ryde Group Ltd today announced that its senior management team and guests participated in the New York Stock Exchange closing bell ceremony in person.

Ryde Group Ltd Rings the New York Stock Exchange (“NYSE”) Closing Bell on April 4, 2024

SINGAPORE--(BUSINESS WIRE)--Ryde, a leading technology platform for mobility and quick commerce, makes history as Singapore's First Ride-Hailing Startup to IPO on NYSE.

Ryde Makes History as Singapore's First Ride-Hailing Startup to IPO on NYSE

SINGAPORE--(BUSINESS WIRE)--Ryde Group Ltd, a leading technology platform for mobility and quick commerce, announced today the closing of its initial public offering.

Ryde Group Ltd Announces Closing of Initial Public Offering

SINGAPORE--(BUSINESS WIRE)--Ryde Group Ltd, a leading technology platform for mobility and quick commerce, announced today the pricing of its initial public offering.

Ryde Group Ltd Announces Pricing of Initial Public Offering

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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.

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

Singapore-based Ryde Group has filed to list 2.25 million Class A shares on the NYSE at an indicated price range of $4-5 per share. The company plans to use the proceeds to shore up working capital, develop a super app to expand its offerings and conquer additional markets. Ryde is financially strapped, lacks operating experience outside of its home market, and faces mounting competition.

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