GoPro Launches $800M Offering, CEO to Sell Some Shares

Reuters

Wearable camera maker GoPro Inc announced a follow-on offering of $800 million of Class A shares, with its chief executive saying he plans to sell a portion of his holdings in the company.

It was not clear when CEO Nicholas Woodman would sell the shares. The lock-up period on the stock, which listed in June, expires on Dec. 22.

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GoPro shares fell as much as 5.1 percent in early trading on Monday.

(Reporting by Abhirup Roy in Bangalore; Editing by Saumyadeb Chakrabarty)

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