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GoPro, months after IPO, unveils plan for $800-million stock offering
GoPro, months after IPO, unveils plan for $800-million stock offering

GoPro, the company behind high-definition action cameras, said it plans to raise an additional $800 million in a stock offering, and may use the cash for acquisitions and investments in other companies. News of the planned stock offering sent GoPro's shares down as much as 5% before they partly recovered. With about two hours left in Monday's trading session, the stock was trading at $75.96, down $3.10, or 3.9%. Even with the drop, the San Mateo, Calif., company’s share price is still triple that of its initial public offering price of $24 in June, when the firm raised $491 million. The company's current total stock-market value is almost $10 billion. GoPro Chief...

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