Founder Of Chinese Camera Maker Insta360 Becomes A Billionaire Upon IPO [Forbes]
Xunlei Limited - American Depositary Shares (XNET)
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Source: Forbes
S hares of Chinese camera maker Insta360 almost quadrupled in their public debut on the Shanghai Stock Exchange, valuing the company at about 71 billion yuan ($9.9 billion) and making its 34-year-old founder, Liu Jingkang , a billionaire. Trading as Arashi Vision, the Shenzhen-headquartered camera maker raised 1.94 billion yuan ($270 million) in its debut on the Shanghai bourse's Science and Technology Innovation Board (STAR Market) on Wednesday. It opened at 182 yuan, 285% above its IPO price of 47.27 yuan, reaching a peak of almost 188 yuan before closing at 177 yuan. This was the largest listing on the STAR Market this year, and proceeds will mainly be used to back future research and development. A computer science graduate from Nanjing University, Liu, who goes by his initials “JK,” founded Insta360 in 2015 and was featured on the Forbes 30 Under 30 Asia list in 2017 . Based on Liu's roughly 26.8% stake in the company, including a stake held by his wife, Forbes estimates h
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News
- Xunlei (NASDAQ:XNET) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c-)" rating to a "buy (b-)" rating.MarketBeat
- Xunlei (NASDAQ:XNET) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Xunlei (NASDAQ:XNET) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Xunlei: Has More Than Enough To Get Back On Track [Seeking Alpha]Seeking Alpha
- Xunlei (NASDAQ:XNET) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
XNET
Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/14/25 - Form SCHEDULE
- 11/13/25 - Form 6-K
- XNET's page on the SEC website