Insta360 plans to hold an IPO in 2020


J. K. Liu, CEO of Chinese camera manufacturer Insta360, said in an interview with CNBC about plans to hold an initial public offering of shares in 2020 with the goal of attracting investment to introduce innovations in camera production. It is expected that the listing will take place in mainland China, but a specific site has not yet been reported. The Chinese company has already managed to attract investments in the amount of 30 million dollars from a number of Chinese investors, such as Everest Venture Capital, Huajin Capital and others. The company plans to send funds to research the capabilities of artificial intelligence in software and hardware, as well as to create its own brand stores in the USA, Germany, Japan, China and the UK.

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