Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
The maker of wearable sports cameras, loved by mountain climbers, divers, surfers and other extreme sports fans, is expected to sell its shares publicly for the first time and begin trading on the Nasdaq stock market Thursday.
The company, based in San Mateo, makes devices popular with extreme athletes. Its small and durable cameras, which sell for several hundred dollars, can be found on the tops of helmets of skiers, handlebars of mountain bikers and the fronts of surfboards.
Alibaba Group, China’s leading e-commerce company, is dangling a deal that could turn into one of the biggest IPOs in U.S. history.
Lock-up periods prevent company insiders from selling stock following an initial public offering. CEO Dick Costolo and co-founders Jack Dorsey and Evan Williams have said that they have no plans to sell their stock when the lock-up expired, 180 days after Twitter’s initial public offering.
Online storage provider Box is the latest rapidly growing Silicon Valley company seeking to strike it rich in the stock market.
Yahoo is getting another lift from its stake China’s Alibaba Group, a thriving Internet company that has helped mask Yahoo’s own financial funk. Investors latched on to Yahoo Monday in anticipation of a huge windfall from Alibaba’s initial public offering of stock later this year
San Francisco-based social gaming firm Zynga saw a boost on Tuesday as word that rival King Digital Entertainment – maker of the wildly popular Candy Crush Saga – filed for an initial public offering.
Twitter beat Wall Street’s earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more and the company’s stock dipped as much as 12 percent in after-hours trading Wednesday.
An unusual startup trying to sell stock in star athletes is now hoping San Francisco 49er tight end Vernon Davis will prove the concept is a winner.