A New Microscope Tech Company Aims High with Upcoming IPO

IPO Details:

• Date: Around August 25th
• Fundraising Goal: $12.15 million
• Shares Offered: 2.7 million
• Price Range: $4.00 to $5.00 per share

Company Overview:

• Specialization: Advanced microscopy technology
• Capability: Magnification down to 137nm (industry standard: 250nm)
• Applications: Manufacturing, research, healthcare, electronics
• Software: AI-driven tools for quality control and diagnostics

Financials:

• Revenue (Last Year): $1.39 million
• Net Loss (Last Year): $1.73 million
• Market Value: $59.86 million
• Employee Count: 24

Expansion Plans:

• Target Region: Southeast Asia
• Current Location: Singapore

IPO Management:

• Lead: Network 1 Financial Securities
• Note: Existing shareholders selling shares, but no proceeds for the company

Company Background:

• Founded: 2017
• Website: Phaos Technology