News for VOBILE GROUP (2951.HK)

Discover how the Automatic Content Recognition (ACR) market is set to boom at a CAGR of 29.9% to reach USD 30.79 Billion by 2031.

Key Takeaways: Baijiayun plans to sell about 1.9 million shares at $8.03 each, targeting $13.6 million in net proceeds The company, which recently completed a backdoor listing, plans to use about 40% of the funds to buy strategic stakes or acquire other companies By Warren Yang

To boost and sustain its valuation, Baijiayun will need to show that it’s not a black hole for investor dollars.