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An announcement from Xunlei ( (XNET) ) is now available.
On February 27, 2025, Xunlei Limited announced that its investee company, Arashi Vision Inc., also known as Insta 360, received approval from the China Securities Regulatory Commission for an initial public offering on The Shanghai Stock Exchange STAR Market. Xunlei holds approximately 8.73% equity interest in Arashi Vision, and the IPO is expected to impact Xunlei’s financial standing positively, although it remains subject to further conditions and procedures.
More about Xunlei
Xunlei Limited is a Chinese company primarily engaged in the internet industry, focusing on providing innovative products and services to retain and grow its user base. The company is involved in technological developments and aims to convert its users into subscribers of its premium services.
YTD Price Performance: 38.10%
Average Trading Volume: 210,971
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $183.8M
Learn more about XNET stock on TipRanks’ Stock Analysis page.