Riku Dining Group Sets IPO Price Range at $4-$6, Targeting $25 Million Raise

Stock News03-17 15:30

Riku Dining Group (RIKU.US), an operator and franchisor of Japanese-themed restaurants in Canada and Hong Kong, disclosed the terms for its initial public offering on Monday. The Toronto-based company aims to raise $25 million by offering 5 million shares, with a proposed price range of $4 to $6 per share.

The company operates a portfolio of Japanese dining concepts. In Canada, it holds the franchise rights for Ajisen Ramen, directly managing four locations in Ontario and franchising an additional nine restaurants. Its operations in Hong Kong include seven franchised restaurants across three brands: Yakiniku Kakura, Yakiniku 801, and Ufufu Café.

For the twelve-month period ended September 30, 2025, the company reported revenue of $16 million. Riku Dining Group plans to list on the Nasdaq exchange under the ticker symbol "RIKU". Eddid Securities and Futures is acting as the sole bookrunner for the offering.

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