Chinese GoPro Competitor Insta360 Is Said to Mull Hong Kong IPO

Insta360, a Chinese rival to GoPro Inc. with backers including IDG Capital, is considering an initial public offering in Hong Kong as plans for a listing in mainland China stall, according to people familiar with the matter.

The Shenzhen-based maker of 360-degree cameras and virtual reality devices could seek a valuation of at least 15 billion yuan ($2.1 billion) in a share sale, the people said, asking not to be identified as the information isn’t public. It is also looking to raise funds in a pre-IPO placement, one of the people said.

Considerations are at an early stage ...