The decision to forgo a listing on the Nasdaq, or what Avanda Investment Management’s co-founder Ng Kok Song calls the “World Cup” among exchanges, is a rare one, given that US exchanges have traditionally been preferred for their valuations and liquidity. Ng made the analogy during a July interview with The Edge Singapore.
MetaOptics, a semiconductor optics company that makes glass-based metalenses with artificial intelligence-enhanced imaging, has chosen to list on the Singapore Exchange (SGX) instead of making its debut on the Nasdaq. The company, which will be the first pure-play metalens company to seek a public listing, filed its prospectus to list on the local bourse’s Catalist board on July 30.
In its prospectus, MetaOptics describes itself as a “vertically integrated metalens designer and manufacturer” offering end-to-end services for metalens and metalens Internet of Things (IoT) products. This positions the company as a one-stop service provider in this niche sector.
