Core Viewpoint - Ruanyun Edai Technology Inc. (软云科技) successfully went public on NASDAQ with an IPO price of $4, raising $15 million and achieving a market capitalization of $130 million at issuance [1] Company Overview - Founded in 2012, Ruanyun Edai Technology Inc. is a data-driven AI technology company focused on K-12 education in China, aiming to reform traditional educational methods and provide new teaching, learning, and assessment approaches [1][3] Financial Performance - The company reported revenues of $6.27 million and $4.11 million for the fiscal years ending September 30, 2023, and 2024, respectively, with net losses of $1.52 million and $0.68 million for the same periods [8][9] - The revenue cost for 2024 was $2.38 million, while for 2023 it was $5.19 million, indicating a significant reduction in costs [9] Product Lines - Ruanyun Edai Technology operates through two main product lines: SmartExam® and SmartHomework® - SmartExam® provides a computerized testing platform for academic level examinations in China, along with other testing services [3] - SmartHomework® offers a platform for various digital teaching and learning content and services, generating revenue from platform development, software customization, licensing, personalized workbooks, and digital services [3]

教培公司软云科技（Ruanyun Edai Technology Inc.，RYET）美国IPO首日开盘报7.30美元，此前给出的 IPO发行价为每股4美元。 ...

Company Overview - Ruanyun Edai Technology Inc., known as Jiangxi Ruanyun Technology, is a software service provider focused on the K-12 education sector, planning to list on NASDAQ with an offering of 3.75 million shares priced between $4.00 and $5.00, aiming to raise approximately $21.56 million [1][2] - The company was founded in 2012 by Fu Yan and Zhao Cong in Nanchang, Jiangxi, after Fu completed her studies in computer science and business management in the United States [3] Product and User Base - Ruanyun Technology specializes in innovative teaching, learning, and assessment tools for the K-12 education system, with core products including SmartExam and SmartHomework, which leverage internet and AI technologies [3] - As of March 31, 2024, the company reported approximately 80,452 total users, including 20,177 paying premium users and 329,092 monthly active users, with over 15.1 million K-12 student users on its SmartHomework platform [3] Financial Performance - The company has experienced revenue growth from FY 2021 to FY 2022, but saw a decline in FY 2023 and FY 2024, with net profits showing continuous losses [4] - Despite financial challenges, Ruanyun Technology maintains competitive advantages such as deep integration with schools, a database with over 10 billion research data points, high-quality content, and an experienced management team [4] IPO Plans and Use of Proceeds - The funds raised from the IPO will be allocated to new product and service development, marketing, customer service, content creation, and cash reserves, as well as establishing two additional regional offices to support business expansion [4] - The IPO marks a significant step for the company in its ongoing efforts to deepen its presence in the K-12 education technology sector and enhance its market competitiveness [4]

Core Viewpoint - Ruanyun Edai Technology Inc. is set to go public with an initial public offering (IPO) of 3,750,000 ordinary shares priced at $4.00 per share, aiming to raise approximately $15 million before expenses [1][2]. Group 1: Offering Details - The IPO is expected to commence trading on the Nasdaq Capital Market under the ticker symbol "RYET" on April 8, 2025, with the offering closing on April 9, 2025, subject to customary conditions [1]. - An over-allotment option allows underwriters to purchase an additional 562,500 shares within 45 days of the offering's closing date [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to various purposes, including research and development of new products and services, marketing and customer services, new content creation, cash reserves, and general corporate purposes, which include setting up two additional regional offices [2]. Group 3: Company Overview - Ruanyun Edai Technology Inc. is an AI-driven education technology company focused on transforming K-12 education in China through intelligent learning tools, assessment platforms, and adaptive learning systems [6]. - The company aims to modernize education by integrating AI and the internet to enhance academic performance and streamline educational processes [6].