GoPro turned in a pro performance Thursday in its market debut, the IPO headliner in a hectic week that indicates heightened exuberance for new issues. The wearable action-camera maker rose 31% to 31.34 after hitting 33 intraday. GoPro (GPRO) raised $427 million late Wednesday by selling 17.8 million shares at 24, the high end of its expected range. “It’s the IPO of the week,” said Linda Killian, principal at IPO research and
GoPro (GPRO) provided an action-packed initial public offering Thursday, jumping 33% during midday trading in its stock market debut. The maker of wearable cameras priced its IPO at 24, the high end of its expected range, and raised $427 million by offering 17.8 million shares. The stock opened at 28.65 and was trading near 32 in midday trading on the stock market today. GoPro was one of three initial public offerings Thursday, among a fleet of
At least 15 companies are planning their IPO debut this week, including wearable camera maker GoPro. June could potentially have 38 initial public offerings or more, the most IPOs in one month since 32 IPOs in October 2004, according to Renaissance Capital. GoPro (GPRO) is the leading producer of wearable high-definition cameras, used mostly by outdoor enthusiasts to record their adventures. The company plans to raise $401 million by offering 17.8