Ryde Group Shares Rise in Trading Debut After IPO

Dow Jones03-07

By Colin Kellaher

Shares of Ryde Group climbed in their trading debut Wednesday after the mobility company's initial public offering was priced at the low end of expectations.

The Singapore-based company, which runs the country's first carpool app, sold 3 million shares at $4 apiece, compared with an expected price range of $4 to $5.

Ryde shares were recently changing hands at $4.41, up 10%, after opening at $3.70.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 06, 2024 13:38 ET (18:38 GMT)

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