backtop


Print

GoPro was valued at up to $2.96 billion USD

GoPro Inc.'s initial public offering was recently priced at $24 per share, according to a report from Reuters
 
Wearable camera company GoPro, which makes the Hero brand of portable cameras worn by many athletes and adventure seekers, was valued at up to $2.96 billion USD. The company's IPO generated about $427.2 million USD, and distributed 17.8 million Class A shares.
 

 
GoPro said it will use the proceeds from the offering for debt repayment and investment purposes. As of March 31, GoPro had about $110.7 million USD in debt. The company’s 2013 sales topped $985 million (a nearly 90 percent increase from the year before), and net income nearly doubled from $32 million in 2012 to $61 million for 2013.
 
GoPro is the first consumer electronic company to go public since headphones maker Skullcandy Inc. in 2011, and its shares are currently trading at around $31.

Source: Reuters





"Well, we didn't have anyone in line that got shot waiting for our system." -- Nintendo of America Vice President Perrin Kaplan
Latest Headlines
How Apple watch Series 2 differ from the S1
February 18, 2017, 5:37 AM
Chuwi LapBook
February 6, 2017, 6:49 AM
LG Watch Style
February 5, 2017, 8:00 AM



Most Popular ArticlesComparison: Tag Heuer Connected Modular VS Samsung Gear S3
February 20, 2017, 7:20 AM
Gigabit Are you looking for an Ultra Compact board?
February 22, 2017, 6:30 AM
Science & Environment
February 20, 2017, 6:37 AM
Dell XPS 13 Touch – Rose Gold Edition
February 23, 2017, 7:29 AM
ASUS ROG Maximus IX - Among the Best of the Best
February 21, 2017, 7:50 AM







botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki