GoPro Wipes Out On Pricing Of Secondary Stock Offer

By | November 20, 2014

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GoPro (GPRO) shares wiped out after the action camera maker priced its secondary stock offering well below its recent trading range. GoPro stock was down 6%, near 74, in morning trading on the stock market today. It closed Wednesday at 79.09. The recent IPO went public on June 26 at 24 and hit an all-time high of 98.47 on Oct. 7. The San Mateo, Calif.-based company late Wednesday priced its follow-on offering of 10.4 million shares at 75. Current Scalper1 News

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