PALO ALTO, California — Chinese panoramic camera maker Insta360 is eying further growth in the U.S. after raising 1.94 billion yuan ($270 million) in its market debut in Shanghai on Wednesday.
Specializing in 360-degree filming devices, Insta360 surged on its first day of trading on the Shanghai Stock Exchange Science and Technology Innovation board on Wednesday, opening 285% above its IPO price. It is the largest listing on the Nasdaq-like STAR market year to date.
