Ryde Group shares surge 92.56% premarket after announcing secondary listing on Frankfurt and Stuttgart stock exchanges.

Ryde Group surged 92.56% in premarket trading following its announcement of a secondary listing on the Frankfurt (FSE) and Stuttgart (Xstu) stock exchanges. The move, highlighted as the most watched stock in Hong Kong over the past 24 hours, reflects heightened market attention and aligns with the company’s strategic efforts to expand capital access and investor reach. While older news, such as partnerships and fund raisings, had previously driven mixed outcomes (notably down 4.12% on prior announcements), the recent secondary listing directly correlates with the sharp premarket rally, signaling renewed institutional or retail investor confidence in Ryde’s growth initiatives.