IPO速递丨栢拓赴美IPO 拟纳斯达克上市

Core Viewpoint - Boundless Group, the parent company of Nanjing Baituo Vision Technology Co., Ltd., has filed for an IPO with the SEC, aiming to list on NASDAQ under the ticker symbol BLTG [1][5]. Company Overview - Boundless Group is headquartered in Nanjing and specializes in the development of optical modules for emerging industries such as virtual and augmented reality, and consumer electronics [5]. - The company designs, develops, and sells optical display modules and related products, including VR headsets and Pancake optical engines with eye-tracking capabilities [5]. Financial Data - For the fiscal year ending June 30, 2025, the company reported revenues of $26.2 million, a 139.9% increase from $10.9 million in 2024 [6]. - The cost of revenues also increased by 137.5%, from $10.3 million in 2024 to $24.5 million in 2025 [6]. - Gross profit rose by 179.3%, from $616,230 in 2024 to $1.7 million in 2025 [6]. - Total operating expenses increased by 59.3%, leading to a loss from operations of $1.6 million, compared to a loss of $1.5 million in the previous year [6]. - The net loss for the fiscal year 2025 was $1.79 million, a 6.2% increase from a net loss of $1.69 million in 2024 [6]. IPO Details - The company plans to issue 4 million shares at a price range of $4 to $5 per share, aiming to raise between $16 million and $20 million [5]. Shareholding Structure - As of the IPO, Senlin Chen holds 31.7% of the shares with 90.3% voting power, while Wenxia Qiu holds 20.8% with 3% voting power [11]. - Other significant shareholders include Li Zhang (12.3% shares, 1.7% voting power), Bo Yuan (8.9% shares, 1.3% voting power), and Chenxi Yin (8.2% shares, 1.2% voting power) [11].