GoPro prices IPO at $21-24
12/06/2014 12:32
Famous sports camera maker GoPro, which was founded in 2002, on Wednesday announced that it is aiming to raise as much as USD 427 million from an initial public offering (IPO) by selling 17.8 million shares at an estimated price of USD 21-USD 24 per share. The funds will be used by the company to repay a loan through the company’s credit card facility, GoPro said. The company also plans to use the funds for developing specialty hardware and set up a content management system to build out a media entity that sells user-generated content.
12/06/2014 12:32
Famous sports camera maker GoPro, which was founded in 2002, on Wednesday announced that it is aiming to raise as much as USD 427 million from an initial public offering (IPO) by selling 17.8 million shares at an estimated price of USD 21-USD 24 per share. The funds will be used by the company to repay a loan through the company’s credit card facility, GoPro said. The company also plans to use the funds for developing specialty hardware and set up a content management system to build out a media entity that sells user-generated content.
