MetaOptics

[Behappyalways]

$79,440 sales in FY2024. $47m valuation... Anyone interested???


https://www.theedgesingapore.com/news/ip...ment-offer

[weijian]

Finally had some time to take a brief look at the prospectus. It seems like this is a "venture capital" type of investment rather than the "private equity" type that we are used to. It doesn't hide the fact that it is a high risk VC type of investment. Snippets of its risk factors below (in italics):

We are an early-stage high-technology company and have incurred losses since our incorporation.

While we have achieved mass-production possibility, we have not yet commenced mass production of metalens prototypes, which will only take place upon the receipt of a critical mass of purchase orders from our customers

As at the Latest Practicable Date, we have three (3) full-time employees.  As an early-stage high- technology company, our key management team is lean and comprises three (3) full-time employees, and the loss of any of our Key Management Personnel may adversely affect the execution of our business strategies and adversely impact our business operations and prospects

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Company was only incorporated in 2021 and has raised ~5mil cash over its 3 year existence, with ~3mil raised in 2025 alone. Maybe a Catalist listing (by paying 2mil of fees) will allow it to do share placement and raise capital in time to come. Since this is more like a venture capital type of investment, it is caveat emptor and meant for different profile of OPMIs.