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Print 8 comment(s) - last by Nortel.. on Jun 27 at 10:54 PM

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



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Not to be negative but...
By aurareturn on 6/26/2014 1:32:53 PM , Rating: 2
GoPro's investors are probably trying to cash in before people realize that the market is niche(adventurers and athletes) and declining.




RE: Not to be negative but...
By Spuke on 6/26/2014 1:42:16 PM , Rating: 3
quote:
net income nearly doubled from $32 million in 2012 to $61 million for 2013
Guess you missed this part.


RE: Not to be negative but...
By BRB29 on 6/26/14, Rating: 0
RE: Not to be negative but...
By karimtemple on 6/26/2014 2:17:29 PM , Rating: 2
quote:
$61M on $935M of revenue is terrible.
Compared to the very best? Sure; As if that was a fair comparison. Compared to most companies, it's decent performance in general.


RE: Not to be negative but...
By Samus on 6/26/2014 2:57:27 PM , Rating: 2
quote:
$61M on $935M of revenue is terrible.


A 6.2% YoY growth is far from terrible and mostly in line with the tech sector average. Rule of thumb is if your growth exceeds inflation (~2% in the USA) you're sustainable.

Not everybody has Intel and Apple growth.


RE: Not to be negative but...
By kleinma on 6/26/2014 3:23:42 PM , Rating: 2
That and on day 1 of IPO the stock is up 32% with about 30 minutes until the market closes.


RE: Not to be negative but...
By synapse46 on 6/27/2014 2:14:18 PM , Rating: 3
Everybody wants to record themselves and put it on the internet. If my kid had one he would put up videos of himself playing minecraft. Sure the ppl you mentioned make the most interesting videos, but that doesn't stop everybody from wanting to make their own lame videos.


RE: Not to be negative but...
By Nortel on 6/27/2014 10:54:17 PM , Rating: 2
Any smartphone can perform this task. Go-pro is for the adventurous folk who require an inexpensive go anywhere video camera. This is a niche market with competition in this space.


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