Deals
GoPro Seeking Value Up to $3 Billion in Camera Maker’s IPO
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GoPro Inc., which sold about $1 billion last year in equipment such as cameras to surfers, skiers and sky divers, is seeking a market valuation as high as $3 billion in its initial public offering.
The company intends to sell 17.8 million shares for $21 to $24 apiece, according to an amended prospectus filed today. Given these terms, the San Mateo, California-based GoPro and its selling stockholders could raise as much as $427 million. GoPro intends to use the proceeds for general corporate purposes and to repay debt. The company is expected to set a price for the shares on June 25, data compiled by Bloomberg show.