MetaOptics Ltd, a Singapore-based leader in semiconductor optics, has lodged its preliminary offer document for an initial public offering (IPO) on the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX-ST). The company, established in 2021, is the first pure-play metalens firm to pursue a public listing globally, highlighting its ambition to transform the optical supply chain for top technology companies.
The company specialises in glass-based metalenses enhanced by artificial intelligence (AI) for imaging, offering full-stack capabilities from design to product integration. MetaOptics’ products, including metalens camera modules and IoT devices, are designed for integration into various applications such as smartphones, augmented reality devices, and autonomous vehicles. The company’s proprietary AI algorithms enhance the performance of these systems, improving image resolution and colour fidelity.
MetaOptics plans to use the IPO proceeds for product development, business expansion, and working capital. Executive Chairman and CEO Mark Thng noted the global metalens market’s expected growth, with a projected compound annual growth rate of approximately 74.8% from 2024 to 2029. Thng stated, “Building on this momentum, our Group will leverage its core strengths to expand both our product portfolio and fabrication capabilities.”
The company ranks third globally among metalens firms with mass production capabilities and aims to expand into key overseas markets, reinforcing its supplier base to support growth. With its strategic initiatives, MetaOptics is poised to maintain its position at the forefront of optical innovation.
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