Thursday, June 26, 2014

GoPro Prices IPO

San Mateo-based wearable, sports action camera maker GoPro priced its IPO last night at $24.00 per share, and will start trading this morning on the NASDAQ Global Market as GPRO. GoPro priced at the high end of its initial, estimated IPO range, which had earlier been set at between $21.00 and $24.00 per share. The offering will value the company around $2.96 billion. The IPO was underwritten by J.P. Morgan, Citigroup, Barclays, Allen & Company LLC, Stifel, Baird, MCS Capital Markets, Piper Jaffray, and Raymond James.