Action camera maker GoPro, which went public Thursday, saw its share prices skyrocket, closing at $31.34, 30 percent over its asking price of $24. That was a rare positive note in an otherwise down market, but it has raised questions about the company. Is the price justified, considering that GoPro has only one product? Is the company able to meet the challenges of going public? What about the competition? The price is “very speculative,” Trip Chowdhry, managing director at Global Equities Research.
Loading ...
Wall Street Goes Gaga Over GoPro
Posted by: Richard Adhikari June 27, 2014 06:46 AMAction camera maker GoPro, which went public Thursday, saw its share prices skyrocket, closing at $31.34, 30 percent over its asking price of $24. That was a rare positive note in an otherwise down market, but it has raised questions about the company. Is the price justified, considering that GoPro has only one product? Is the company able to meet the challenges of going public? What about the competition? The price is “very speculative,” Trip Chowdhry, managing director at Global Equities Research.