GoPro Launches $800 Million Offering

GoPro Launches $800 Million Offering
Image credit: 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.

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This story originally appeared on Reuters

Wearable camera maker 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 -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 ; Editing by Saumyadeb Chakrabarty)

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