The camera maker GoPro, which helped revolutionize sports and TV production with small, wearable HD cameras in recent years, saw a significant jump in its stock on the first day of trading after going public at $24 on Wednesday June 25, with the stock climbing 31.58% on NASDAQ on Thursday.
That gives the company a hefty valuation of about 80 times earnings, according to the Wall Street Journal.
The company raised about $427.2 million from the IPO, Reuters reports.
Broadcasting & Cable Newsletter
The smarter way to stay on top of broadcasting and cable industry. Sign up below