SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating if GoPro, Inc. (NASDAQ: GPRO) committed securities violations. The investigation focuses on whether GoPro and its officers violated securities laws by issuing misleading information to investors related to the Company’s June 26, 2014 initial public offering (IPO) and its November 20, 2014, secondary public offering (SPO).
GoPro is a consumer electronics company primarily selling mountable and wearable cameras and related accessories designed for active or challenging physical environments.
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.
Johnson & Weaver’s investigation seeks to determine if the Registration Statements for the offerings contained untrue statements regarding the GoPro’s business prospects, specifically information about competition and the likelihood of pricing pressures on margins.
If you purchased GoPro securities between June 26, 2014 and November 19, 2014, or on November 20, 2014 pursuant to the SPO, we encourage you to contact Johnson & Weaver. We are available to answer questions about the investigation and your legal rights and remedies. Please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
