GoPro (NASDAQ: GPRO ) is officially coming to the public markets today! With an IPO priced at $24/share -- the high end of its range -- it will hit the markets with a value of nearly $3.0 billion. And if reports are to be believed, this offering will have ample demand.
It's estimated GoPro will raise nearly $430 million and is planning to use the proceeds to pay off debt and invest in growth.
Motley Fool tech analyst Jamal Carnette was initially interested in the company as an investment until the company redefined itself as a media company for higher valuations. GoPro is a consumer electronics company; and while they may have ambitions to become a social-media company, their bread-and-butter business is consumer electronics.
Although Jamal doesn't think GoPro is an investment right now, he does see a derivative play. Ambarella makes the chips and technology for GoPro cameras, and could be a better play going forward.
Here's the must-know chipmaker that plans to get rich off of Apple's iWatch!
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!