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GoPro stock surged above $30 a share in its first minutes of trading on the Nasdaq, a gain of more than 30% from its IPO price.
The wearable camera maker announced late Wednesday that it had priced its initial public offering at $24 a share — the high end of its proposed price range — raising $427 million and valuing the company at just under $3 billion.
The stock, which trades under the ticker GPRO, opened at $28.65 a share on Thursday.
GoPro getting camera ready at the @NASDAQ #goproipo http://ift.tt/1mxbTtq
— Seema Mody (@seemacnbc) June 26, 2014 Read more...
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