RYDE News

Two small Asian issuers went public in the US this past week, while some scheduled deals delayed. The biggest news came on Friday, with chipmaker Astera Labs (ALAB) launching its $507 million IPO. The deal is expected to price week after next. Social media platform Reddit (RDDT) also grabbed headlines on Friday, as it reportedly plans to...read more

Ryde Group, which operates a ride-hailing app in Singapore, raised $12 million by offering 3 million shares at $4, the low end of the range of $4 to $5. Ryde Group envisions becoming a "super mobility app," offering multiple mobility tools through a single app. The company currently operates in Singapore through two core business segments: mobility, providing on-demand and...read more

A few small issuers are currently scheduled to price in the week ahead, though others may join late. While the calendar is relatively quiet for now, we expect activity to pick back up in March, with tech names Astera Labs (ALAB) and Reddit (RDDT) primed for listings in the coming weeks. Singapore-based ride-hailing app ...read more

Ryde Group, which operates a ride-hailing app in Singapore, raised the proposed deal size for its upcoming IPO on Thursday. The Singapore-based company now plans to raise $14 million by offering 3 million shares at a price range of $4 to $5. The company had previously filed to offer 2.3 million shares at the same range. At the midpoint, Ryde Group will raise 33% more in proceeds...read more