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Ruanyun Edai Technology opens at $7.30, IPO priced at $4 per share

Ruanyun Edai Technology (RYET) priced 3.75M shares at $4.00, at the low end of the $4.00-$5.00 range. AC Sunshine Securities is acting as the sole book-running manager for the offering. Ruanyun is an artificial intelligence technology company focused on K-12 education in China.

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