Grab Rival Ryde Appoints Financial Adviser for Singapore IPO
Source: Ryde Technologies
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Ryde Technologies Pte, a ride-hailing service provider in Singapore, hired local investment bank SAC Capital to advise on its plan for an initial public offering in 2022.
The upstart will target a valuation of S$200 million ($149 million) through a listing on the Catalist board, the Singapore Exchange venue for fast-growing companies, it said in a statement.