11:07 AM EDT, 08/14/2025 (MT Newswires) -- rYojbaba (RYOJ) shares were down by about 18% in recent trading Thursday, in the company's Nasdaq debut.

The Japanese labor consulting and health services company priced 1.25 million Japanese common shares at $4.00 a share in its initial public offering on Wednesday for gross proceeds of $5 million.

rYojbaba granted underwriters a 45-day option to purchase up to 187,500 additional shares at the IPO price, according to a statement.

The company expects to close the IPO on Friday and said proceeds will be used for working capital and general corporate purposes.

Price: 3.25, Change: -0.75, Percent Change: -18.75