MetaOptics Ltd, a Singapore-based designer and manufacturer of meta-optics components, has registered its offer document for the listing of its ordinary shares on the Catalist Board of the Singapore Exchange (SGX). The company plans to place 30 million shares at S$0.20 each, with trading expected to commence on 9 September 2025. ZICO Capital Pte Ltd is acting as the sponsor, issue manager, and placement agent for the initial public offering (IPO).
The company, established in 2021, is the first pure-play metalens firm to seek a public listing, highlighting its ambition to transform the metalens supply chain for leading technology companies. MetaOptics utilises semiconductor processes and direct laser writing technologies to produce glass-based colour metalenses, which are used in a variety of applications including smartphones, laptops, and augmented reality devices.
The global optical metalens market is projected to grow significantly, with a compound annual growth rate (CAGR) of 74.8% from 2024 to 2029, reaching a market size of $4.93 billion by 2029. In Singapore, the market is expected to grow from $12.45 million in 2019 to $24 million by 2029, with a CAGR of 93.7% from 2024 to 2029.
MetaOptics plans to use the proceeds from the IPO for product development, business expansion, and working capital. The company aims to expand its product range and fabrication capacities, focusing on miniaturising devices and integrating metalenses into a broader range of applications. Executive Chairman and CEO Mark Thng stated, “Our upcoming listing on SGX marks a transformative milestone for MetaOptics, further solidifying our foundation to advance R&D, expand our global footprint, and accelerate growth.”
With secured purchase orders and increasing design wins, MetaOptics is poised to capture the expanding market in smart devices, IoT, and next-generation optical systems. The company ranks third globally among metalens companies with mass production capabilities and aims to continue leading in innovative optical solutions.
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