Stock in portable camera company jumps more than 30 percent in Wednesday’s IPO
Shares for portable video camera company Go Pro shot up in their first day of trading Thursday, with the shares shooting up by 30.5 percent, USA Today reports.
The stock price for the company jumped $7.33 to $31.33 per share.
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Stock in the company went for $24 to initial investors on Wednesday, with the initial expected price ranging from $21 to $24. The stock went for $28.65 on the first trade of the day.
The initial public offering for the company, whose cameras are often used in extreme action video photography, put its value at $2,96 billion, according to Bloomberg.