GoPro (GPRO) Prices 17.8M Common IPO at $24/Share

GoPro (Nasdaq: GPRO) announced the pricing of its initial public offering of 17,800,000 shares of its Class A common stock at a price to the public of $24 per share, the high end of the expected $21-$24 range. GoPro is offering 8,900,000 shares and certain selling stockholders are offering 8,900,000 shares. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,670,000 shares of Class A common stock. The shares are expected to begin trading on the NASDAQ Global Select Market today at 10:50AM ET under the symbol "GPRO."

J.P. Morgan, Citigroup, and Barclays are acting as lead joint book-running managers for the offering. Allen & Company, Stifel, Baird, MCS Capital Markets, Piper Jaffray, and Raymond James are acting as co-managers for the offering.

GoPro, Inc. is transforming the way consumers capture, manage, share and enjoy meaningful life experiences. GoPro does this by enabling people to capture compelling, immersive photo and video content of themselves participating in their favorite activities. GoPro's customers include some of the world's most active and passionate people. The volume and quality of their shared GoPro content, coupled with their enthusiasm for the GoPro brand, are virally driving awareness and demand for GoPro products. The growing use of GoPro's cameras, and the engaging content they enable users to capture, give GoPro a unique opportunity to become an exciting new media company.

In 2011, 2012, 2013 and the three months ended March 31, 2014, the company generated revenue of $234.2 million, $526.0 million, $985.7 million and $235.7 million and reported net income of $24.6 million, $32.3 million, $60.6 million and $11.0 million, respectively.

You May Also Be Interested In

• Rubrik, Inc. (RBRK) IPO Opens at $38.60, Priced at $32
• Neo-Concept International Group Holdings (NCI) Prices 2.32M Share IPO at $4/sh
• T-Mobile (TMUS) and EQT Announce JV to Acquire Lumos