Seeya progresses with its IPO plans, reveals its financials and customer profile
OLED microdisplay developer Seeya Technology is set to IPO soon at the Shanghai Stock Exchange, with plans to raise $285 million USD. The company filed for an IPO back in June 2025.
According to the Shanghai Stock Exchange website, the IPO is progressing, and will go under final review on December 24, 2025. In China, the procedure from a successful review to an actual IPO takes several weeks, up to a few months. So if everything goes well for Seeya, it is likely to IPO in the first quarter of 2026.
Seeya Technology was established in 2016, and is the first of the new range of OLED microdisplay companies in China that managed to achieve mass production of high-quality OLED microdisplays. In April 2024, Seeya announced that it is starting to build its second OLED microdisplay production line, in Shanghai. The cost of the fab, which will have a monthly capacity of 9,000 300 mm substrates, is expected to reach 2 billion Yuan (around $275 million USD).
As part of the information disclosure, Seeya also details its revenue and customer base, and its future projections, which we detail below. It also discloses that it wants to allocate around 400 million yuan out ($57 million) from its IPO funds towards this fab.
