A GoPro camera at the Nasdaq in New York on Thursday, when the company's shares rose 30 percent on its first day of trading.
GoPro is snapping promising shots of stock market action. Shares in the popular action camera company soared over 30 percent in its first day of trading as a public corporation on the Nasdaq exchange Thursday. The stock began trading at its IPO price of $28.65 and rose above $33, valuing the company at about $4 billion. The stock closed at $31.34, up 30 percent for the day. Videos taken using the company's wearable cameras have made a big splash on the Internet. The company says its videos attracted more than 1 billion views in the first quarter on YouTube, where its channel has 2 million subscribers. Founded by Nicholas Woodman in 2004, San Mateo, California-based GoPro has stores around the world and nearly doubled in revenue between 2012 and 2013 to $985 million.
Sign up for top Business news direct to your inbox.
GoPro's post-IPO challenges to watch
GoPro investor 'very bullish' on future
The unusual risk to GoPro’s IPO: its own customers injuring themselves (Quartz)
-- Wilborn P. Nobles, III