Overview

• Insta360 raised 1.9 billion yuan (US$264.5 million) in its initial public offering on Shanghai’s Star Market, pricing shares at 182 yuan each.
• Shares jumped 285% in their trading debut, setting the company’s valuation at 70 billion yuan (US$9.73 billion).
• The company captured 67% of the global consumer 360-degree camera market in 2023 and ranks second in action cameras behind GoPro, while delivering a 65.25% compound annual growth rate over the past three years.
• Management has outlined plans to bolster its presence across China, the United States, Europe, Japan, and South Korea, as well as to explore emerging opportunities in Latin America and Africa.
• Insta360 leverages partnerships with Google for Street View capture and Adobe Premiere Pro integration to advance its product innovation and appeal to content creators.