MetaOptics (SGX:9MT) is proposing to seek a dual listing on the NASDAQ stock exchange, according to a Monday filing with the Singapore Exchange.
The company is eyeing the listing in order to secure access to a diversified base of shareholders and investors and to build its capabilities in the US.
The company is currently in the process of making relevant hirings for the process and has not made any applications to the NASDAQ or other regulatory authorities so far.
Shares of the company surged nearly 21% in Monday's late-morning trading.