The Foxconn and Disney-backed high-definition camera manufacturer saw its stock rise sharply after it floated at the top of its range yesterday.
GoPro, a US-based producer of portable high-definition camera equipment, went public yesterday in a $427.2m initial public offering that saw the company float at the top of its range.
The company issued 8.9 million shares, while shareholders sold an additional 8.9 million. More than half of the shares divested by shareholders were sold by founders the Woodman Family and venture capital firm Riverwood Capital.
Industrial contract manufacturer Foxconn divested almost 740,000 of its 11.7 million shares, making $17.7m in the…
