Ruanyun Edai Technology Inc. (NASDAQ:RYET) is a leading AI-driven education technology company based in Nanchang, China. The company focuses on providing innovative solutions for K-12 education. As a prominent player in the education technology sector, Ruanyun Edai competes with other edtech companies that are leveraging artificial intelligence to enhance learning experiences.
Ruanyun Edai recently closed its initial public offering (IPO), offering 3.75 million ordinary shares at $4.00 per share. This move generated approximately $15 million in gross proceeds, before underwriting discounts and other expenses. The shares began trading on the Nasdaq Capital Market on April 8, 2025, under the ticker symbol RYET, marking a significant milestone for the company.
The stock, RYET, is currently priced at $4.51, reflecting a notable increase of 12.75% from its initial offering price. This change of $0.51 indicates positive market reception. The stock has seen a trading range between $4 and $8.03, with $8.03 being its highest price over the past year. The lowest price for the year remains at $4.
The trading volume for RYET is approximately 3.8 million shares, indicating strong investor interest. The company has also provided underwriters with an option to purchase up to an additional 562,500 shares to cover any over-allotments, which could further impact the stock’s performance and liquidity in the market.