Boundless Group, a China-based developer of optical display modules for VR and other electronic applications, filed on Friday with the SEC to raise up to $18 million in an initial public offering.
The Nanjing, China-based company plans to raise $18 million by offering 4 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Boundless Group would command a market cap of $198 million.
Boundless Group is an optical display technology company that designs, develops, and sells optical display modules and related products for virtual and augmented reality, consumer electronics, and other emerging industries. The company serves a client base of over 20 customers across China and other international markets. Boundless provides optical solutions and services covering design, engineering, and supply chain management. Its product portfolio includes near-eye displays, VR-dedicated LCD modules, in-vehicle display systems, and color e-paper displays.
The Nanjing, China-based company was founded in 2022 and booked $26 million in revnue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol BLTG. Boundless Group filed confidentially on March 14, 2025. Tiger Brokers is the sole bookrunner on the deal.
