Ryde Group Ltd Files Prospectus Relates To Resale By Selling Shareholders From Time To Time Of Up To 1.1M Class A Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Ryde Group Ltd has filed a prospectus with the SEC for the resale of up to 1.1 million Class A ordinary shares by selling shareholders.

May 17, 2024 | 6:31 pm
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Ryde Group Ltd has filed a prospectus with the SEC for the resale of up to 1.1 million Class A ordinary shares by selling shareholders. This could lead to increased stock volatility in the short term as the market absorbs the additional shares.
The resale of a significant number of shares can lead to increased supply in the market, potentially driving the stock price down in the short term due to selling pressure.
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