Boundless Group, a China-based developer of optical display modules for VR and other electronic applications, raised the proposed deal size for its upcoming IPO on Thursday.
The Nanjing, China-based company now plans to raise $27 million by offering 6.7 million shares at $4. The company had previously filed to offer 4 million shares at a price range of $4 to $5. At the revised terms, Boundless Group will raise 48% more in proceeds than previously anticipated and command a market cap of $191 million (-4% versus previous terms).
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.
Boundless Group was founded in 2022 and booked $23 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol BLTG. US Tiger Securities is the sole bookrunner on the deal.
