Less than five months after its initial public offering, action camera maker GoPro (GPRO) announced a follow-on stock offering in a regulatory filing on Monday. GoPro plans to sell $100 million in new shares and allow some large shareholders in the company to unload some of their stock. Founder and CEO Nicholas Woodman is among the sellers. All told, some $800 million in GoPro stock is expected to hit the market from the actions. Investors
GoPro executives have been tight-lipped about the possibility of making new types of cameras. During a conference call with analysts on Oct. 30, GoPro CEO Nicholas Woodman was asked if the company would stray from the iconic design of its action cameras. “We’re always looking at new ideas, new form factors, new innovation that can lead to a more effective and convenient experience for our customers,” Woodman said. “To be sure, you never know what you’re going to see from GoPro next. So I will leave it at that.” Two days later, comedy show “Saturday Night Live” suggested a new application for GoPro (GPRO) cameras. In a parody video, three aging extreme sports dudes introduced the “GoProbe” for colonoscopies. “It grinds the rails of your intestines with ease!” one skateboarder says. Watch the video on Yahoo Screen and Hulu. Comedians found other tech-related news to make fun of in recent …
Get ready for a lot of extreme sports videos from Tiananmen Square and the Great Wall of China. Action camera maker GoPro (GPRO) will enter China later this month through Chinese online retailer Alibaba (BABA), Brightwire reporter Ding Chenjie said in a post Wednesday on Twitter. The news brings together two of the hottest IPOs in recent times. GoPro went public on June 26 at 24 and now trades near 79. Alibaba went public on Sept. 19 at 68 and and trades near 109. In the third quarter, GoPro generated 73.2% of its sales in the Americas region. Its second largest market is the Europe, Middle East and Africa region, with 18.2% of Q3 sales. The Asia Pacific region generated the remaining 8.6% of sales in the September quarter. On a conference call with analysts on Oct. 30, GoPro CEO Nicholas Woodman said, “We look at Europe and APAC…