Core Viewpoint - Boundless Group, a Chinese developer of optical display modules for VR and other electronic applications, has filed for an IPO in the US, aiming to raise up to $18 million with a proposed stock price range of $4 to $5 per share, which would value the company at approximately $198 million [1] Company Overview - Boundless Group Limited controls Nanjing Baituo Visual Technology Co., Ltd., established in 2022, focusing on the design, R&D, and sales of optical display modules and complete products [3] - Nanjing Baituo is one of the few companies capable of mass-producing Pancake 3P optical engines, with superior product performance compared to competitors, and has established extensive relationships with domestic clients [3] - The company specializes in the automotive and high-speed rail sectors, developing targeted products for cabin applications, accumulating rich experience and technology [3] Market Presence - Boundless Group serves over 20 clients in China and international markets across various sectors, including new energy vehicles, color electronic paper displays, and low-altitude aerospace [4] - The product portfolio includes near-eye displays, VR-specific LCD modules, in-vehicle display systems, and color electronic paper displays [4] - For the 12 months ending June 30, 2025, Boundless Group reported revenue of $26 million [4]