Bloomberg cited sources as saying that Shenzhen-based Insta360 is considering an IPO in Hong Kong.

Reports suggest that Insta360 may seek a valuation of at least 15 billion yuan, while also considering pre-IPO financing before its listing.

Insta360 has not responded to requests for comment.

Insta360 is applying for a listing on the A-share market, which has been ongoing for more than 4 years. Its star listing application was accepted in October 2020, passed in September 2021, and registration was submitted in January 2022, but there has been no progress until today. According to the Shanghai Stock Exchange's information, its current review status is 'suspended (financial report update)'.

In August of this year, Insta360's actual controller Liu Jingkang posted on his social media, stating that he does not seek approval but only fairness, and that he will change or withdraw the IPO plan.

Insta360, established in 2015, is one of the few Chinese hardware new stars competing with gopro in the action camera field. Insta360 has gone through several rounds of financing, with investors including IDG Capital, Chuangyibang Angel Fund, Qiming Venture Capital, xunlei, Suning Group, Manulife Mutual Funds, Longmapeng Venture Capital, Huafa Group's investment platform, citic sec, Jinshi Capital, china merchants Yidun Fund, china merchants Fund, Cornerstone Capital, and Lide Capital.

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