India, April 7 -- Ruanyun Edai Technology Inc., an artificial intelligence (AI) technology company focused on K-12 education in China, announced that it has priced its initial public offering of 3.75 million ordinary shares at a public offering price of $4.00 per share.
The company expects to receive aggregate gross proceeds of approximately $15 million, before deducting underwriting discounts and other offering expenses. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 8, 2025, under the ticker symbol RYET. The Offering is expected to close on April 9, 2025.
In addition, the company has granted the underwriters an option (the Over-Allotment Option), exercisable ...