Seeya Technology Applies for Listing on STAR Market of Shanghai Stock Exchange – Accelerates Expansion of Micro-OLED Production

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On June 26, 2025, Micro-OLED specialist Seeya Technology (希显科技) submitted its application for listing on the STAR Market (科创板) of the Shanghai Stock Exchange. Through this IPO, the company aims to raise approximately 2.015 billion RMB (about KRW 380 billion), with the funds primarily allocated to expanding production capacity and strengthening R&D.

Seeya currently operates with a monthly production capacity of 9,000 sheets (based on 12-inch wafers) and began equipment installation for Phase 2 in May 2025, which will add another 9K to its capacity. Depending on market conditions, Phase 3 investment is also planned, and once all phases are completed, the company is expected to reach a total monthly capacity of 27K.

The IPO process began at the end of 2024 and has recently completed all major pre-listing procedures. If all goes smoothly, Seeya is expected to complete its listing by 2026. The company is already supplying mass-produced products to key customers such as Xiaomi, DJI, XREAL, and Thunderbird (雷鸟科技). It is currently competing with BOE to secure Meta’s business, and has also established a strategic partnership with Apple.

With this IPO, Seeya is expected to further strengthen its position within China’s Micro-OLED industry and expand its influence in the global XR and AR device markets.

Detailed information on the current status of China’s Micro-OLED industry, including Seeya Technology, can be found in UBI Research’s China Trends Report.

Junho Kim, Analyst at UBI Research (alertriot@ubiresearch.com)

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