Published:December 26, 2025
Reading Time:1 min read
SeeYA Technology has passed its IPO review on the STAR Market, aiming to raise about $278 million to become China’s first listed silicon-based OLED chip firm. It holds a 35.2% global market share in XR device displays, second only to Sony.
Shanghai Stock Exchange’s Listing Review Committee approved the IPO application of SeeYA Technology Co., Ltd. on December 24, 2025. The approval clears the way for SeeYA to become China’s first publicly listed company focused on silicon-based OLED (Micro OLED) display chips.
According to its prospectus, SeeYA is a micro-display solutions provider. In 2024, it ranked second globally in silicon-based OLED shipments for XR devices, with a 35.2% market share, trailing only Sony (50.8%). Its products have shipped to ByteDance, Insta360, RayNeo, and Lenovo.
The IPO aims to raise approximately RMB 2.015 billion (about USD 278 million), primarily for production line expansion. Revenue grew from RMB 190 million (about USD 26.2 million) in 2022 to RMB 280 million (about USD 38.6 million) in 2024. The company expects to achieve profitability in 2026.
Source：IPOzaozhidao
