Insta360 Debuts on the STAR Market with a 285% Surge, Market Value Exceeds CNY 70 Bn

Consumer Staples, Technology Author: EqualOcean News, Yang Xiaoyang, Xing Yiran Editor: Xing Yiran Yesterday 06:59 PM (GMT+8)

On June 11, Insta360 (stock code: 688775.SH), a leading Chinese intelligent imaging company, officially listed on the Shanghai Stock Exchange's STAR Market. According to the prospectus, the offering price was CNY 47.27 per share, corresponding to a post-IPO market value of approximately CNY 18.96 billion. On its first day of trading, the opening price was CNY 182 per share, representing a 285% increase from the offering price, with the total market value surpassing CNY 70 bn.

Insta

The company’s prospectus states that the total funds raised in this offering amount to CNY 1.938 billion, which will mainly be used for the construction of the “Intelligent Imaging Equipment Production Base” and the “Insta Innovation Shenzhen R&D Center.” Upon completion, these projects will enhance the company’s operational stability, improve its ability to respond quickly to market demands, strengthen risk resilience, and promote the healthy development of its core business. Additionally, the company will effectively integrate existing resources, introduce advanced equipment and talent, and enhance the depth and scope of its core technologies.

Founded in 2015, Insta360 is a Chinese intelligent imaging company, with its primary business focused on consumer-grade and professional-grade intelligent imaging devices, accessories, and other related products under its own brand. The company’s consumer-grade products have expanded beyond extreme sports, gaining traction in Vlogging, live streaming, and everyday image creation.

Financial data shows that from 2022 to 2024, Insta360’s revenue was CNY 2.04 billion, CNY 3.64 billion, and CNY 5.57 billion, respectively, with a compound annual growth rate (CAGR) of 65.25%. During the same period, the net profit attributable to shareholders, excluding non-recurring gains and losses, grew from CNY 381 million to CNY 946 million, demonstrating strong profitability.

Moreover, Insta360 is actively expanding its global presence, with overseas revenue accounting for 70% of its total income. From 2022 to the first half of 2024, the company’s overseas sales revenue reached CNY 1.60 billion, CNY 2.90 billion, and CNY 1.84 billion, representing 79.43%, 80.83%, and 76.35% of total revenue, respectively. Europe and the United States are key markets, accounting for 24.3% and 22.92% of total revenue in 2024.

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Source: Insta360 Prospectus

In terms of channel expansion, the company has proactively broadened its overseas sales network, with its products now available in over 200 countries and regions, covering more than 10,000 retail stores and over 90 airports worldwide. It has established partnerships with renowned channels such as Apple Store and BestBuy.