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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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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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