MetaOptics, a Singapore-based designer and manufacturer of ultra-thin flat optical lenses, lowered the proposed deal size for its upcoming IPO on Wednesday.
MetaOptics is currently listed on the Catalist platform of the Singapore Exchange under the ticker 9MT.
The Singapore-based company now plans to raise $18 million by offering 3 million ADSs at a price range of $5 to $7. The company had previously filed to offer 4 million ADSs at an assumed price of $8.15, the as-converted last price of its shares on the Singapore Exchange on May 15. At the midpoint, MetaOptics will raise -45% less in proceeds than previously anticipated and command a market cap of $121 million.
MetaOptics develops and manufactures metalenses: ultra-thin, flat optical lenses that are smaller, lighter, and more power-efficient than traditional curved lenses. It operates across the full value chain, including equipment, foundry production, and end products, and integrates artificial intelligence into its design and image processing to improve resolution, correct optical defects, and enable computational image adjustments. In addition to producing metalenses and prototypes, the company builds demonstration and commercial applications such as camera modules, infrared cameras, pico projectors, and other IoT-based imaging devices to showcase and deploy its technology.
MetaOptics was founded in 2021 and booked $1 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol MOT. Roth Capital and The Benchmark Company are the joint bookrunners on the deal.
