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Metaoptics opens at S$0.21. 1 IPO at S$0.20
ByAinvest
Monday, Sep 8, 2025 8:58 pm ET1min read
Metaoptics opens at S$0.21. 1 IPO at S$0.20
MetaOptics Technologies, a semiconductor optics startup, has successfully debuted on the Singapore Exchange's (SGX) Catalist board, raising S$6 million in gross proceeds from its initial public offering (IPO). The company, which manufactures metalenses, issued 30 million placement shares at S$0.20 apiece, translating to a market capitalization of about S$47.2 million upon listing [1].MetaOptics, founded in 2021, is the only company in Singapore currently developing metalenses, ultra-thin optical devices with wide-ranging applications in smartphones, bio-imaging, and wearable displays for augmented reality (AR) and virtual reality (VR). The company's name and distinctive logo reflect its focus on metalenses, which are composed of numerous cylinders of varying diameters [1].
Despite its small size and humble beginnings, MetaOptics has shown significant promise. The company has faced challenges, including a net loss of S$2.3 million on revenue of S$79,440 for FY2024 and a net loss of S$706,391 for the first quarter of FY2025. However, the founders believe that the IPO will help turn its fortunes around by providing additional resources for product development, research and development, and strategic partnerships [1].
The IPO will enable MetaOptics to collaborate with more partners, strengthen its governance, and expand its operations. The company plans to use the proceeds mainly for product development, R&D, and strategic partnerships, with a focus on the Asia-Pacific region [1].
MetaOptics' IPO comes as part of a broader trend of companies going public. Fall is typically a busy season for IPOs, with high-profile firms such as Swedish fintech Klarna and crypto exchange Gemini also planning to debut this week. The recent success of IPOs like Chime, which priced above range and opened more than 20% higher on day one, has set the tone for this fall, giving bankers confidence that investors will buy into new issues again [2].
MetaOptics' IPO was priced at S$0.21, slightly higher than the S$0.20 issue price, reflecting investor interest in the company's innovative technology and growth potential.
References:
[1] https://www.businesstimes.com.sg/companies-markets/metaoptics-looks-sgx-catalist-debut-path-profitability
[2] https://finance.yahoo.com/news/klarna-leads-ipo-wave-wall-201809659.html
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