GoPro (GPRO) Prices 10.36M Share Offering at $75/Share
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GoPro, Inc. (NASDAQ: GPRO) announced the pricing of its follow-on public offering of 10,360,500 shares of its Class A common stock at a price to the public of $75.00 per share. GoPro is offering 1,287,533 shares and the selling stockholders are offering 9,072,967 shares. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,554,075 shares of Class A common stock. GoPro will not receive any proceeds from the sale of the shares by the selling stockholders.
J.P. Morgan is acting as lead book-running manager for the offering. Barclays, Morgan Stanley and Citigroup are acting as book-running managers for the offering. Allen & Company LLC, Stifel, Baird, JMP Securities, Piper Jaffray and Raymond James are acting as co-managers for the offering.
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