GoPro is valued at nearly $3 billion ahead of today's IPO


GoPro priced its initial public offering of stock at $24 a share, the high end of the expected range. The company, which makes wearable cameras used by sports enthusiasts, stood to make $427 million when it puts 17.8 million shares on sale Thursday. The IPO pegged the value of the company at nearly $3 billion. GoPro sold 3.8 million cameras last year and almost doubled its revenues to $986 million. Read more at The Financial Times.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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