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GoPro's hot IPO is latest boon for Wall St. firms
GoPro's hot IPO is latest boon for Wall St. firms

Shares of action camcorder maker GoPro Inc. surged in their initial public offering Thursday, and no one was happier than the private equity firms that got to cash in on the deal. This year's IPO boom has helped to propel the stock market, boost economic confidence and beef up the returns of millions of 401(k) retirement accounts. But perhaps more than anything, it's been a boon for private equity and venture capital firms that have rushed to capitalize on the hot IPO market, especially for tech and tech-related companies. Even before the 2008 global financial crisis, the subdued IPO market over much of the last decade limited the ability of investment firms to cash out their...

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