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GoPro's IPO: Should You Buy Today

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.

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  • Report this Comment On June 27, 2014, at 7:32 AM, printing724 wrote:

    GoPro might be a good long term investment after a correction. Right now they are a digital camera manufacturer. Their moat consists of the creativity of the founders and the value of the name. No ecosystem, no exclusionary patents, or anything else I can see that will prevent other camera manufacturers from eventually encroaching their space.

    I like them because of their innovative approach to ordinary photography but not at this price.

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Jamal Carnette

After working at The Motley Fool, Jamal Carnette decided to try his hand at writing for a change. You can find him writing about technology, consumer goods, sports, and pontificating on any competitive advantage. His previous jobs include Mortgage Trainer, Financial Advisor, and Stockbroker. Jamal graduated from George Mason University with a bachelors of science in finance and is a CFA Level III candidate. Follow me for tech trends, info on consumer brands, and sports banter.

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Related Tickers

9/1/2015 3:59 PM
GPRO $43.69 Down -2.90 +0.00%
GoPro CAPS Rating: **
AMBA $89.61 Down -6.02 +0.00%
Ambarella CAPS Rating: ****