GoPro Launches $800 Million Offering

This story originally appeared on Reuters
GoPro Launches $800 Million Offering
Image credit: Reuters | Mike Segar

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)

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