On June 11, Insta360 listed on Shanghai's STAR Market, becoming China's first publicly traded smart imaging technology company.
The IPO price was set at 47.27 yuan per share to raise 1.938 billion yuan, with shares surging 285% on debut to value the firm at over 70 billion yuan.
This milestone marks the STAR Market debut of Liu Jingkang, the board's first post-90s founder.
Born in 1991 in Zhongshan, Guangdong, Liu studied software engineering at Nanjing University before founding Insta360 in 2015 with his student-era startup team, pioneering in VR and panoramic imaging technology.
A decade of innovation has propelled Insta360 to global leadership in smart imaging.
The company now boasts a full product ecosystem spanning consumer panoramic cameras, action cameras, vlog cameras, and professional VR solutions.
Frost & Sullivan data confirms Insta360's six-year reign as world's top panoramic camera vendor by market share, with projections estimating its 2024 share to reach 81.7%.