Robbins Arroyo LLP Is Investigating the Officers and Directors of GoPro, Inc. (GPRO) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of GoPro, Inc. (NASDAQGS: GPRO) violated federal securities laws by issuing materially misleading business information to the investing public related to the company’s November 19, 2014 secondary public offering (“SPO”). GoPro is a camera company that develops hardware and software solutions associated with capturing, managing, sharing, and enjoying engaging content.
GoPro Stock Declines After It Issues Secondary Offering
In June 2014, GoPro commenced an initial public offering (“IPO”) and issued approximately 17.8 million shares of stock at $24 per share. On November 19, 2014, GoPro commenced a follow on offering. In this follow-on offering, GoPro sold 1.2 million shares, while insiders at the company sold over 9 million shares, at a price of $75 per share. GoPro’s stock has fallen precipitously since the follow-on offering and now trades below $10.00 per share.
If you purchased stock in this follow-on offering and who would like more information your rights and potential remedies, please contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.