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HeartCore Enterprises Facilitates rYojbaba's Nasdaq Listing
ByAinvest
Monday, Aug 18, 2025 9:21 pm ET1min read
HeartCore Enterprises facilitated rYojbaba's Nasdaq debut, earning $500,000 in fees and warrants for 3% of rYojbaba's stock, valued at $1.35 million. This achievement reflects positively on HeartCore's role in facilitating IPOs, particularly in the micro- and small-cap sectors. HeartCore's CEO expects further listings in the Asia-Pacific region, contributing to revenue growth.
HeartCore Enterprises, Inc. (Nasdaq: HTCR) has successfully facilitated the initial public offering (IPO) of rYojbaba Co., Ltd. (Nasdaq: RYOJ), with the company commencing trading on the Nasdaq Capital Market on August 18, 2025 [1].The transaction saw HeartCore compensated with an aggregate $500,000 in initial fees and warrants to acquire 3% of rYojbaba's common stock, valued at approximately $1.35 million as of August 14, 2025 [1]. The company provided comprehensive support services, including audit and legal firm hiring, document translation, and F-1 filing preparation, throughout the listing process [1].
CEO Sumitaka Kanno expressed satisfaction with the milestone, stating, "This milestone not only represents a major achievement for our client but also is an encouraging sign for broader IPO activity, particularly within the micro- and small-cap realm" [1]. The company has signed two new Go IPO clients this year and expects additional listings later in 2025 or early 2026 [1].
HeartCore's Go IPO service line has demonstrated its potential as a strategic growth driver, offering high-margin, milestone-based income that complements its core enterprise software business. The warrants received are expected to contribute significantly to the company's third-quarter revenue, indicating immediate financial benefits [1].
The successful listing of rYojbaba highlights HeartCore's expertise in facilitating IPOs for smaller Asian companies navigating U.S. public markets. This achievement represents a diversified revenue stream for HeartCore, with the potential for meaningful financial contributions as the service scales with additional clients [1].
References:
[1] https://www.nasdaq.com/press-release/heartcores-go-ipo-client-ryojbaba-co-ltd-begins-trading-nasdaq-stock-market-2025-08
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