backtop


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



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

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.


"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton











botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki