Think of WiMi Hologram Cloud’s initial public offering as a sign of our unusual and rapidly changing times. When the Beijing-based holographic augmented reality (AR) specialist went public on the Nasdaq on April 1, raising $26 million, it caught the eye for a number of novel reasons.
For one thing, it marked the first US IPO since the World Health Organization declared Covid-19 to be a global pandemic on March 11. Coronavirus is ebbing in some countries and yet to peak in others but is certain to tip the world into outright recession this year.
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