GoPro announces price of initial public offering
By Catholic Online (NEWS CONSORTIUM)
6/12/2014 (3 years ago)
Catholic Online (www.catholic.org)
Camera maker GoPro upcoming initial public offering will be priced between $21 and $24 per share, the company announced on June 11.
GoPro makes a clip-on camera that has become incredibly popular with people who wish to film extreme sports.
LOS ANGELES, CA (Catholic Online) - This offering, under the ticker symbol "GPRO", may potentially raise as much as $427 million, and analysts say that the IPO could value the company at around $3 billion.
GoPro is the maker of the famous wearable camera, and is incredibly popular among consumers who have used the clip-on cameras to record all manner of events, including combat, extreme sports, life events or even simple cat videos.
The founder and CEO of the company, Nick Woodman, originally conceived of the camera to be used by surfers, but the camera has found its niche with active people who wish to share their adventures all over the world.
Back in May the company first hinted at its intentions, filing as a smaller company as allowed under the JOBS Act, which allows the company to withhold some of its information. However,the firm did show that it was profitable-something that is surprisingly rare for technology IPOs-and that since 2011 its sales have quadrupled.
Some analysts are not as convinced by these high numbers, instead pointing out the company's uneven quarterly revenue numbers. GoPro claims these are caused by production delays, but analysts say that if the firm is going to scale up, it will need to iron out these issues.
Copyright 2017 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for AUGUST 2017
Artists. That artists of our time, through their ingenuity, may help everyone discover the beauty of creation.
Everyone will be microchipped eventually, according to experts in the tech industry. Many people fear getting microchipped is the Mark of ... continue reading
Scientists one step closer to solving the mysteries of dark matter and dark energy with new map Watch
Researchers have published a new map of the universe's dark matter in what is the largest, most detailed survey of its kind. The research ... continue reading
Has another Biblical prophecy come true? Microchip implants are going mainstream as more companies find they provide an easy and convenient ... continue reading
Star-gazing might not be the first thing that comes to mind when Catholics think of St. Lawrence, the early Christian martyr who was cooked ... continue reading
A curiously timed series of announcements has people wondering if NASA and the US government are preparing for an alien invasion. LOS ... continue reading
by Catholic Online
- Forget Winter, Recession is Coming
- In Barcelona, a church responded to a terrorist attack by opening its ...
- As terrorists attacked, one church opened its doors. Here's what ...
- Daily Readings for Thursday, August 24, 2017
- Priest admits to being former member of KKK, and speaks out about his ...
- Archbishop reveals a surprise about Medjugorje HD Video
- St. Bartholomew: Saint of the Day for Thursday, August 24, 2017
- Trump announces new Afghan strategy - do we get to win this time? HD
- Does the Aug 21 eclipse spell doom for humanity? HD
- Daily Reading for Thursday, August 24th, 2017 HD
- 10 US Sailors missing after serious collision in Southeast Asian waters HD