GoPro is currently down 4.3% after reports that the company will offer $800 million in shares. The company makes high definition personal cameras and completed an IPO back in June; selling 17.8 million shares. Since this time more than $491 million has been raised. The offer price of the stock soared from $24 to the current price of $75 making the valuation of the company now near $10 billion. Shares are being offered with the purpose of funding potential acquisitions and investments.
November 10, 2014 – Stock Market News
GoPro is currently down 4.3% after reports that the company will offer $800 million in shares. The company makes high definition personal cameras and completed an IPO back in June; selling 17.8 million shares. Since this time more than $491 million has been raised. The offer price of the stock soared from $24 to the current price of $75 making the valuation of the company now near $10 billion. Shares are being offered with the purpose of funding potential acquisitions and investments.
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