GoPro Inc. CEO and founder, Nick Woodman, rang the bell on the trading floor signaling the start of GoPro’s first day listed on the NASDAQ exchange, thus marking another huge milestone for GoPro. It’s red hot “Honeymoon” on Wall Street continues to spike interest across the globe. The stock rallied 31% Thursday and now trades about 60% above its $24 IPO price, according to The Wall Street Journal.
Since 2004, GoPro has enabled people to capture their life’s passions in ways they could have never done before. And along the way, the community of filmmakers, photographers and fans have shared amazing photos and videos that have fueled the stoke of GoPro and has helped get the company to where it is today… on Wall Street: GPRO.
“See where we have been, and our epic vision for the future of GoPro. And please accept our sincere thanks for being part of our story, and our success,” stated the GoPro company.
The shares are set to be sold to initial investors at $24 a share. Forbes claims that price is the “one of the largest consumer electronics IPOs ever”. According to America’s Markets of USA Today, “GoPro’s selling shareholders will generate proceeds of $427.2 million, based on the 17.8 million shares being sold”. Also stated that GoPro will demand a “market value of nearly $3 billion based on the 123.1 million shares that will be outstanding after the deal”.
The Wall Street Journal reported that GoPro currently has a market cap of about $3.9 billion, roughly the size of cable giant Cablevision Systems Corp.
Video by GoPro.
The Body Glove Mavericks Invitational presented by GoPro superceeded all previous surf competitions for record viewership. No doubt that was partially due to the massive swell, captured with priceless POV shots.
GoPro made the extra effort to strap the top competitors with cameras, so the audience could share an expert tunnel view of the dangerous wave. The footage was then sent from board to boat, rushed back to the cliffside production station where editors streamed the footage just moments later. Talk about the best surf show on earth.
Here’s a frightening clip of GoPro athelte, Mark Healey (HAW), during a two-wave hold down in the first heat of the Mavericks Invitational:
Footage shot 100% on the GoPro camera.
Thanks to hours of training and years of experience, Healey was able to return to the lineup just a little shaken up, but without a scratch.