Singaporean modeling software provider Optimal AI's IPO price is 4-5 US dollars/share and plans to raise 11 million US dollars

The Zhitong Finance App learned that Optimal AI is a Singaporean supplier that provides modeling and simulation software for companies. The company submitted an application to the US Securities and Exchange Commission on Tuesday to raise up to 11 million US dollars through an initial public offering. The company plans to raise $11 million by issuing 2.5 million shares at a price of 4 to 5 US dollars each. Based on the midpoint of the proposed range, Optimal AI's market value will be US$109 million, and the corporate value will be US$100 million, corresponding to 116.8 times the sales volume for the last 12 months.

Through its subsidiary HiverLab, Optimal AI provides integrated enterprise AI solutions for healthcare, manufacturing, logistics and financial services industries. Products include SpatialWork for spatial digital twins, CloudExpo, a web-based VR360 experience platform, and customized spatial XR solutions for customers in Singapore (accounting for 78% of revenue in FY2024), Saudi Arabia (19%), and Vietnam (3%).

Major shareholders include founder, CEO and chairman Kee Chwee Lai (37% post-IPO shareholding) and Chief Technology Officer and Director Shutao Jiang (22%).

The Singapore-based company was founded in 2014 and achieved revenue of $1 million in the 12 months ending June 30, 2025. The company plans to list on the US version of the New York Stock Exchange, and the trading code (RC code: OPAI.RC) has not yet been determined. R.F. Lafferty & Co. acted as sole bookkeeper for this offering.