IPO Watch — 18 Aug 2014: GoPro’s share price surge

Last month we highlighted GoPro, a manufacturer of wearable cameras popular with extreme sports enthusiasts, and its share price surge following its initial public offering (IPO) back in June. In a fine example of the commentator’s curse, its share price subsequently dropped by 20 per cent throughout August. Could one of the reasons for the drop — other than featuring in our IPO Watch section, naturally — be due to the announcement earlier in the month of the completion of a $17.8m (£10.7m) investment led by Catterton, Qualcomm Ventures and others in 360fly? …

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