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.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Kemp Little
News from The Lawyer
Briefings from Kemp Little
Let’s look back over some of the capital market activity which captured the attention of the investors and the media this year.
If you are thinking of forming a new company, limited liability partnership or business, new regulations coming into force on 31 January 2015 may help when it comes to choosing your company name.