Ruanyun Edai Technology Inc.

Ruanyun Edai Technology Inc. (RYET) priced its initial public offering on Apr 9, 2025 at $4.00 per share, within its $4.00–$5.00 range, raising $15M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $135M. AC Sunshine was lead-left underwriter. K&L Gates, Jingtian & Gongcheng, Hunter Taubman Fischer & Li and Jincheng Tongda & Neal advised the company.

Ruanyun Edai Technology Inc. is an education technology company with an academic exercise question bank covering all grades and subjects, with over 15,398 knowledge points as of February 2025. Its users include schools, other educational service providers and testing authorities.

Status

IPO

Ticker

RYET

Exchange

Nasdaq Capital Market

Priced

Apr 9, 2025

IPO price

$4.00

Price range

$4.00–$5.00

Raised

$15M

Market cap at IPO price

$135M

First filed

Dec 29, 2022

Underwriters

AC Sunshine

Company counsel

K&L Gates, Jingtian & Gongcheng, Hunter Taubman Fischer & Li and Jincheng Tongda & Neal

Sector

Technology

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.