You can be on Entrepreneur’s cover!

GoPro Launches $800 Million Offering CEO Nicholas Woodman says he plans to sell a portion of his shares in the wearable camera company.

By Reuters •

entrepreneur daily

This story originally appeared on Reuters

Reuters | Mike Segar
GoPro Inc's founder and CEO Nick Woodman holds a GoPro camera in his mouth as he celebrates GoPro Inc's IPO at the Nasdaq Market Site in New York City.

Wearable camera maker GoPro Inc announced a follow-on offering of $800 million of Class A shares, with its chief executive saying he plans to sell a portion of his holdings in the company.

It was not clear when CEO Nicholas Woodman would sell the shares. The lock-up period on the stock, which listed in June, expires on Dec. 22.

GoPro shares fell as much as 5.1 percent in early trading on Monday.

(Reporting by Abhirup Roy in Bangalore; Editing by Saumyadeb Chakrabarty)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Business News

Samsung Makes 6 Day Workweeks Mandatory for Executives as the Company Enters 'Emergency Mode'

Samsung said its performance "fell short of expectations" last year. Now executives are required to work weekends.

By Sherin Shibu
Leadership

You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.

By Don Weber
By Emily Rella
Business News

I Tried Airchat, the Hottest New Social Media App in Silicon Valley — Here's How It Works

Airchat is still invite-only and prioritizes voices with no option to upload photos or write text, making it feel more human than Facebook or Reddit.

By Sherin Shibu
Business News

The FBI Is Warning of a New Text Message Scheme Claiming Unpaid Toll Road Charges

The agency estimates the grift has been ongoing since early last month.

By Emily Rella
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By The Staff of Entrepreneur Media, Inc.