The high-definition camera maker's initial public offering, which could value it at up to $3bn, will see shareholders Foxconn and Steamboat Ventures both divest shares.
US-based high-definition camera maker GoPro set the range of its initial public offering at $21-24 yesterday, and could now raise as much as $427.2m in a flotation that could value it at up to $3bn.
Foxconn and Disney-backed GoPro’s initial IPO filing designated a $100m target, but the company will now seek to issue 8.9 million shares, with a further 8.9 million to be sold by current shareholders.
Foxconn, which invested $200m in GoPro in 2012, will sell approximately 737,000…
