GoPro Stock Jumps First Day of Trading - Broadcasting & Cable

GoPro Stock Jumps First Day of Trading

Shares of camera maker close at $31.34, up from $24 IPO price on first day in NASDAQ trading
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The camera maker GoPro, which helped revolutionize sports and TV production with small, wearable HD cameras in recent years, saw a significant jump in its stock on the first day of trading after going public at $24 on Wednesday June 25, with the stock climbing 31.58% on NASDAQ on Thursday.

That gives the company a hefty valuation of about 80 times earnings, according to the Wall Street Journal.

The company raised about $427.2 million from the IPO, Reuters reports.

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