360-degree camera and technology company Insta360 has gone public on the Chinese stock market, and the company's shares surged to nearly 180 yuan, or about $25, an almost four-fold increase from its initial public offering (IPO) price of 47.27 yuan per share. The company is now valued at 71 billion yuan, or nearly $9.9 billion, making its 33-year-old founder, Liu Jingkang, also known as JK Liu, a billionaire.
360-degree camera and technology company Insta360 has gone public on the Chinese stock market, and the company's shares surged to nearly 180 yuan, or about $25, an almost four-fold increase from its initial public offering (IPO) price of 47.27 yuan per share. The company is now valued at 71 billion yuan, or nearly $9.9 billion, making its 33-year-old founder, Liu Jingkang, also known as JK Liu, a billionaire.
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