US EditionInsta360’s IPO pop signals confidence, but the real challenge lies ahead
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Insta360’s IPO pop signals confidence, but the real challenge lies ahead
As of the close of trading on June 13, Insta360’s stock reached RMB 171.8 (USD 24.1) per share, more than tripling its IPO price of RMB 47.27 (USD 6.6). Its market capitalization briefly topped RMB 70 billion (USD 9.8 billion). At a media roundtable on June 12, founder and chairman Liu Jingkang offered a measured take on the surge. “One reason is that the amount of our shares currently in circulation is relatively small compared to other compani…
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