IFBD - Chinese SaaS Infobird: Actively Trying For Transition Neutral Due To Uncertainty
- Infobird launched an IPO in April 2021; though it surged over 50% on the first day, investors didn't seem confident later on, with the price returning to the IPO levels.
- Impacted by COVID-19 and the loss of its largest client, the company has changed its revenue structure significantly.
- Its growth is threatened by the intensifying competition in the highly promising sector.
- Now, the company is seeking to put more weight on standardized SaaS business.
- Infobird's investment value is rather vague to date.
For further details see:
Chinese SaaS Infobird: Actively Trying For Transition, Neutral Due To Uncertainty