GoPro (GPRO) reported earnings on Wed 28 Oct 15 (a/h)

** charts before earnings **

** chart 2 days after earnings **

GoPro (GPRO) : 8-month performance

GoPro (GPRO) plummets after Apple granted patent for mounted cameras

GoPro's stock fell 12% on Tuesday, following a report that Apple had been granted a patent for a mounted digital camera system similar to the devices that GoPro produces.

Patently Apple reports that the U.S. Patent and Trademark Office granted Apple nearly three dozen patents on Tuesday related to the camera system, dating back to filings from 2012. According to the publication, the patents specifically note "weaknesses" in GoPro's devices.

When GoPro first filed to go public last May, the company highlighted a number of risk factors including the fact that "substantially all" of its revenue came from video camera devices, which could face competition from any number of device manufacturers including companies like Apple.

Some analysts were quick to point out on Tuesday the significantly detrimental impact Apple's plans could have on GoPro.

** daily **

** weekly **

** heikin **

** Renko **

GoPro (GPRO) : 3-month performance

Buying GoPro (GPRO)

Strike	Price	Change	Bid	Ask	Volume	Open Int

40.00

0.90

+0.33

0.80

1.00

377

371

=== great trade : 6 weeks later :  +125%  ====

Update 11/7/15:

GPRO went up for a couple more days and reached a high of $98 on 10/6/14.

In the following year, it lost 75%.

GoPro (GPRO) reported first earnings on July 31, 2014

GoPro (GPRO) began trading on the NASDAQ on 26 June 2014

Nick Woodman takes a GoPro selfie with BeckyQuick of SquawkCNBC 

Sports-selfie camera sensation GoPro’s IPO prices at top of range

• GoPro, the maker of wearable cameras beloved of extreme sports enthusiasts, has also found fans in the stock market. The company priced its initial public offering at $24, the top of the indicated range of $21 to $24 amid strong demand.
• GoPro raises $425 million in IPO
• IPO values GoPro at nearly $3bn

GoPro priced shares at $24 apiece, the high end of the expected range of $21 to $24. The consumer electronics company's IPO raise is set to raise roughly $425 million.

The IPO sets the stage for GoPro to kick off its life as a public company on Thursday on the Nasdaq under the ticker symbol "GPRO."

debuting his first camera--the GoPro 35mm Hero--in September 2004 at San Diego's Action Sports Retailer trade show.

Nicholas "Nick" Woodman, founder and chief executive officer of GoPro, wears a camera as he throws out the first pitch in San Diego. 

Last year, GoPro sold more than 13.5 million HD cameras in more than 100 countries and in 25,000 retail stores, the company said.

David Menlow, president of IPOfinancial.com, said GoPro is clearly a "hot brand" that is "on fire" thanks to the popularity of its durable product.

A successful viral marketing campaign has amplified GoPro's visibility and cemented its extreme brand credentials.

One video shot on the company's HERO3 camera features incredible images from around the world and has generated 32 million views on YouTube over the past year. In 2012, Felix Baumgartner wore a GoPro camera to give the world a first-person view of his space jump from 24 miles above the earth's surface.

GoPro's HERO cameras represented a 45% share of the U.S. camcorder market by dollars in 2013, up from 11% in December 2011, according to statistics from The NPD Group cited in the company's IPO filing.

IPOs this week : June 23 - 27, 2014 (wk 26)

There are currently 17 IPOs on the calendar to price and begin trading in the week beginning June 23.

According to Renaissance Capital, 134 IPOs have priced in the United States so far this year, up 63.4% from a year ago. Total proceeds raised come to $28.9 billion, up almost 55% from 2013. Last week alone, $3.1 billion poured into IPOs.

The most closely watched of the coming week’s IPOs will be GoPro Inc., maker of a hands-free, high-definition video camera that can be attached to a variety of objects, animals or people in motion. The company is looking to raise about $400 million at a valuation north of $2.78 billion.

The company will have both Class A and Class B shares, with Class B shares entitled to 10 votes per share and Class A shares one vote per share. Holders of Class B shares will hold more than 98% of the voting power, and nearly 73% of the Class B shares will be held by executive officers and directors. The CEO will hold 47.7% of the voting power in the company.

GoPro plans to offer 17.8 million shares of stock in an IPO range of $21 to $24. Half the shares are being sold by the company and half by selling shareholders. Underwriters, including J.P. Morgan, Citigroup and Barclays, have a 30-day option on an additional 2.67 million shares. Shares are expected to price on Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol GPRO.

ServiceMaster Global Holdings Inc. owns or franchises more than 7,000 residential and commercial services locations that provide disaster restoration, home inspections and termite and pest control services, among other things. The company has filed sell 35.9 million shares in an expected price range of $18 to $21. All shares are being sold by the company. At the midpoint of that range, the company expects to raise $700 million at a valuation of $2.5 billion. Shares are expected to price on Wednesday and begin trading Thursday on the New York Stock Exchange under the ticker symbol SERV.

Arts and craft retailer The Michaels Companies has filed to sell 27.8 million shares in an expected price range of $17 to $19. The company expects to raise $500 million at a valuation of $3.66 billion. The company owns 1,263 stores under the Michaels and Aaron Brothers brands and generated about $4.6 billion in sales in its most recent fiscal year, which ended February 1, 2014. The company posted a net profit of $243 million last year. Shares are expected to price on Thursday and begin trading Friday on the Nasdaq under the ticker symbol MIK.

Alternative energy spin-off NextEra Energy Partners L.P. is being carved out of NextEra Energy Inc. (NYSE: NEE). The new limited partnership plans to sell 16.3 million shares in an expected range of $19 to $21 to raise $325 million at a valuation of $1.52 billion. We covered the structure of this company last week. NextEra Energy Partners is planning to price the offering on Thursday and begin trading Friday on the New York Stock Exchange under the ticker symbol NEP.

Adeptus Health Inc. is a private emergency room operator that plans to offer 4.9 million shares in an expected range of $19 to $22. Shares are expected to price on Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol ADPT.

Ambrx Inc. is a biotechnology company developing protein therapeutics. The company plans to offer 5.4 million shares in an IPO price range of $12 to $14. Shares are expected to price on Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol AMBX.

Amphastar Pharmaceuticals Inc., a specialty pharmaceuticals maker, plans to offer 7.4 million shares in a price range of $10 to $12, raising $81 million at a valuation of $470 million. Shares are expected to price on Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol AMPH.

Imprivata Inc. is a health care technology solutions company that plans to offer 5 million shares in a price range of $14 to $16, raising $75 million at a valuation of $342 million. Shares are expected to price on Tuesday and begin trading Wednesday on the New York Stock Exchange under the ticker symbol IMPR.

KineMed Inc. is a commercial stage biotech firm that plans to offer 4.5 million shares in an IPO range of $6.50 to $7.50. Shares are expected to price on Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol KNMD.

Materialize N.V. is a Belgium-based company that provides 3D printing software and services. The company plans to offer 8 million American Depositary Shares (ADSs) in an expected price range of $12 to $14. Each ADS represents one ordinary share, and the ADSs are expected to price on Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol MTLS.

Microlin Bio Inc. delayed its offering from last week. It is a development stage diagnostics and therapeutic company that expects to offer 4.3 million shares in a price range of $6.50 to $7.50. The company plans to price the shares on Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol MCLB.


Xunlei Ltd. claims to be China’s 12th-largest Internet company. The company plans to offer 7.3 million shares in a price range of $9 to $11. The company plans to price the shares on Tuesday and begin trading Wednesday on the Nasdaq under the ticker symbol XNET.


Minerva NeuroSciences Inc. is a clinical-stage biopharma company that plans to offer 5.5 million shares in a price range of $10 to $12. The company plans to price the shares on Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol NERV.

TCP International Holdings Ltd. is a Switzerland-based maker of LED and CFL lighting technologies. The company plans to offer 7.1 million shares in an IPO price range of $13 to $15, and it plans to price the shares on Wednesday and begin trading Thursday on the New York Stock Exchange under the ticker symbol TCPI.

GlobeImmune Inc. is a biopharma firm developing treatments for cancer and other diseases. The company plans to offer 1.6 million shares at a price range of $15 to $17. It plans to price the shares on Thursday and begin trading Friday on the Nasdaq under the ticker symbol GBIM.

Moko Social Media Ltd. is an Australia-based developer of mobile social community platforms. Shares trade in Australia and have traded over-the-counter in the United States. The company plans to offer 1.2 million ADSs in an IPO price range of $7.50 to $9.00. Each ADS represents 40 ordinary shares. The company plans to price the shares on Thursday and begin trading Friday on the Nasdaq under the ticker symbol MOKO.

Taggares Agriculture Corp. plans to acquire, redevelop and operate profitable farmland in the Pacific Northwest. The company aims to sell 7 million shares in a price range of $6 to $7. And it plans to price the shares on Thursday and begin trading Friday on the Nasdaq under the ticker symbol TAG.

GoPro Plans To Go Public, Files Confidential IPO Docs

The San Mateo, Calif.-based action camera company announced today in a press release that it had filed confidential initial public offering documents with the Securities and Exchange Commission to sell its common stock. In order to file for a confidential IPO under the JOBS Act, a company must have less than a $1 billion in sales.

GoPro founder and CEO Nick Woodman poses with his signature camera.

Last year, Founder and CEO Nick Woodman told FORBES that the company sold 2.3 million cameras, grossing more than $520 million in 2012. That continued a trend of doubling annual revenues since the company debuted its first camera–a 35 mm film device–in 2004. Given the company’s confidential filing, it appears that GoPro did not double revenues in 2013, despite selling $100 million in cameras last January, according to CEO Woodman.

A company spokesperson declined to comment. As of last week, company representatives denied that the company had plans to go public in the near future. Other technology firms who filed for an IPO under the JOBS Act in the last year include Twitter and Box, an online storage company.

debuting his first camera--the GoPro 35mm Hero--in September 2004 at San Diego's Action Sports Retailer trade show.

According to Woodman in interviews last February, GoPro, “has been profitable since day one.” Bootstrapped by its founder since its early days, the company has only had two rounds of outside funding, the latest a $200 million investment by Chinese electronics manufacturer Hon Hai Precision Industry Co., better known as Foxconn, in Dec. 2012. That investment valued the company at $2.25 billion and made 38-year-old Woodman, who sources say owns about 45% of the company, a billionaire.

Woodman's father Dean was a prominent Silicon Valley investment banker for Robertson, Colman, Stephens & Woodman and brokered Pepsi's purchase of Taco Bell in the 1970s. Dean Woodman was one of the earliest investors in GoPro, providing his son with two $100,000 checks in the company's earliest days. Upon starting his company, Nick Woodman dropped in $30,000 of his own money and also received $35,000 from his mother.

GoPro, whose parent company is actually called Woodman Labs, and its executives have long maintained that they did not need to go public. Lacking the pressure of outside investors felt by other venture-backed Silicon Valley companies, the camera firm has been able to navigate its own path since launching in 2003, growing from a niche product for surfers to a marketing machine with an ubiquitous presence at sporting events.  Today, Woodman, who filmed the birth of his two sons with his product, is angling for an even an bigger proposition to make the $300 devices your go-to camera to record life’s special moments.

“If we can become the de facto standard for image capture of unique perspectives around the world, we have a lot of growth ahead of us,” he said last year.

While sales growth may have slowed given that it filed confidentially, GoPro will certainly hope to find that type of growth as a public entity. The IPO filing news comes three days after the company announced that it has hired former Qualcomm executive Jack Lazar as its new chief financial officer to replace Kurt Amundson.

“As both a premier consumer products company and an enabler of compelling media content, GoPro is a high-growth company with a strong track record for innovation and for defining new markets,” Lazar said in a statement.