Ruanyun Edai Technology Begins Trading at $7.30, Surges 82.5% Above IPO Price

Ruanyun Edai Technology Inc., an AI technology firm specializing in K-12 education in China, is set to begin trading on the Nasdaq Capital Market under the ticker symbol 'RYET' on April 8, 2025. The company has priced its initial public offering (IPO) at $4.00 per share, with expectations to raise approximately $15 million before expenses. Shares opened at $7.30, significantly above the IPO price, reflecting strong investor interest. The proceeds from the IPO will be allocated towards research and development, marketing, and expanding operations, including establishing two new regional offices. The offering includes an over-allotment option for underwriters to purchase additional shares if needed. AC Sunshine Securities LLC is the sole book-running manager for this offering.