IPO Watch — GoPro, Tuniu, Alibaba and Cynk Technologies

It’s been a great few weeks for GoPro. The tech manufacturer, whose HD personal cameras are popular with extreme sports enthusiasts and who holds around 45 per cent market share of the US camcorder market, held its initial public offering (IPO) on 26 June 2014 and priced its shares at $24 (£14), the higher end of its price range.

By the end of the first day of trading, the valuation had increased by 30 per cent. Since the IPO, the price has fluctuated at around the $42 mark ($41.94 at the time of writing, from a high of $49.90 on 1 July), but based on those figures that still gives a market cap of more than $5bn.

GoPro’s stated goal is to focus on the application of its hardware — turning a manufacturing business into a media business that provides user-generated content captured via its cameras to users. While many recent tech IPOs have been priced too high (Facebook, Castlight Health), GoPro’s board might be wondering if it was actually priced too low (around 57 per cent of the stabilised value)…

Click on the link below to read the rest of the Kemp Little briefing.

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