An investigation for investors in GoPro Inc (NASDAQ:GPRO) shares over potential securities laws violations was announced and NASDAQ:GPRO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/04/2015 -- An investigation for shareholder who purchased NASDAQ:GPRO shares between June 26, 2014 and January 13, 2015 concerning possible securities laws violations by GoPro Inc in connection in connection with GoPro Inc's initial public offering ("IPO") on June 26, 2014 and secondary public offering on November 20, 2014 was announced.
Shares of GoPro declined to as low as $24.30 per share on November 2, 2015.
Investors who purchased shares of GoPro Inc (NASDAQ:GPRO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by GoPro Inc in connection with its IPO on June 26, 2014 and secondary public offering on November 20, 2014 were materially false and misleading at the time they were made.
In June 2014, GoPro commenced an IPO and issued approximately 17.8 million shares of common stock at $24 per share. In the weeks and months following, those shares shot up to trade at over $98 per share. In November 2014, GoPro commenced the SPO and issued approximately 10.3 million additional shares of common stock at $75 per share. These two offerings collectively sold over 28 million shares of GoPro common stock to the public, raising more than $1 billion in gross proceeds.
On November 20, 2014, GoPro commenced the secondary public offering, issuing approximately 10.3 million additional shares of common stock at $75 per share.
Shares of GoPro Inc (NASDAQ:GPRO) grew from 37.95 per share in March 2015 to as high as $64.74 per share in August 2015. Since then NASDAQ:GPRO shares declined to as low as $24.30 per share on November 2, 2015.
On November 3, 2015, NASDAQ:GPRO shares closed at $25.02 per share.
Those who purchased shares of GoPro Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com