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WiMi Hologram Cloud Underperforms Despite Growth Story

Dec. 03, 2021 1:58 PM ETWiMi Hologram Cloud Inc. (WIMI)5 Comments


  • WiMi Hologram Cloud went public in April 2020, raising $26.1 million in gross proceeds from a U.S. IPO.
  • The firm provides an augmented reality optimized platform for AR/Metaverse providers in China.
  • WIMI has grown quickly in 1H 2021 but the stock continues to languish; my outlook is Neutral given regulatory uncertainties.
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Metaverse and Blockchain Technology Concepts. Person with Glasses try to Touching Object for Experiences of Metaverse Virtual World

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A Quick Take On WiMi Hologram Cloud

WiMi Hologram Cloud (NASDAQ:WIMI) went public in April 2020, raising $26.1 million in gross proceeds from the sale of 4.75 million American Depositary Shares in an IPO.

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and software companies.

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Comments (5)

Ted Stamas profile picture
Thanks for the update. I am long $WMI for 16 months. When I was up 70%, thought I had a tiger by the tail. Now I am underwater considerably. Will continue to hold. The company has good relationship with Toyota, China Mobile and is expanding into the United States. The valuation makes it compelling along with a large total addressable market. That said, I agree with the author that it’s stuck in neutral until the saber rattling between the US and China subsides.
SPAC VENA is buying WIMI division for $400 million valuation, more than WIMI
Hi @HCDIP Go spac vena buying a division of WIMI or the company? What would happen to the stock then?
@CokeKid good question.

VENA (dig up VENA. it is at Seeking Alpha) (VIYI, WIMI's semiconductor chip business) is at $10. so let's give it a 50% discount. that would be $200M (distributed to WIMI). WIMI market cap is about $300M. it has about $70M cash.

basically, you get WIMI's other part for free.

There are a lot of optionalities of WIMI. metaverse, Lidar, etc.
@HCDIP Go thanks for sharing
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