AsianFin -- Insta360 on Wednesday made a high-profile debut on Shanghai’s STAR Market, marking a milestone moment as the listing bell rang.

Shares surged 274.44% on the first day of trading, propelling the company’s market capitalization to 70.98 billion yuan (approx. $9.8 billion) by market close.

With its explosive debut, Insta360 has firmly entered the top tier of China’s hard-tech publicly listed companies, cementing its status as the world’s first publicly traded company focused solely on intelligent imaging.