Optical module developer Nanjing Bao Tuo Vision (BLTG.US) went public in the United States, with an IPO price set at 4-5 US dollars.

Nanjing Baituo Vision (BLTG.US), a developer of optical display modules in China, filed an application with the U.S. Securities and Exchange Commission last Friday, planning to raise up to $18 million through an initial public offering. The company plans to raise $18 million by issuing 4 million shares of stock at a price range of $4 to $5 per share. Based on the proposed midpoint price range, the market value will reach $198 million. The company's products are mainly used in the field of virtual reality and other electronic applications. Nanjing Baituo Vision is an optical display technology company, focusing on the design, development, and sales of optical display modules and related products for virtual reality and augmented reality, consumer electronics, and other emerging industries. The company has a customer base of over 20 in China and other international markets. Nanjing Baituo Vision provides optical solutions and services covering design, engineering, and supply chain management. The company, headquartered in Nanjing, was established in 2022 and achieved $26 million in revenue in the 12 months ending June 30, 2025. The company plans to list on the Nasdaq with the stock code BLTG. Baituo Vision submitted its listing application secretly on March 14, 2025. UP Fintech Holding Ltd. Sponsored ADR Class A is the sole underwriter for this transaction.