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rYojbaba Co., Ltd. (RYOJ) completed its initial public offering of 1,250,000 Japanese common shares at $4.00 per share, raising $5 million in gross proceeds before underwriting fees and expenses. The Japanese labor consulting and health services company began trading on the Nasdaq Capital Market on August 14, 2025.
The company granted underwriters a 45-day option to purchase up to 187,500 additional shares at the offering price to cover over-allotments. D. Boral Capital LLC served as lead book-running manager, with Sutter Securities, Inc. as co-underwriter and Boustead Securities, LLC as financial advisor.
rYojbaba plans to use net proceeds for working capital and general corporate purposes, including developing an IT platform for labor consulting services, hiring additional consultants, expanding consulting operations internationally, and growing its healthcare business through acquisitions and franchising.
The company operates labor consulting services for Japanese companies and unions, focusing on workplace culture issues and work-related concerns. Its health services division includes 28 osteopathic clinics and two beauty salons across Japan, offering judo theory-based osteopathic medicine.
The SEC declared the company’s Form F-1 registration statement effective on July 31, 2025. A final prospectus was filed with the SEC on August 14, 2025.