Wearable sports camera maker GoPro listed

BI Chinese station reported on June 27

GoPro, headquartered in San Mateo, Calif., Officially listed on the NYSE on Thursday (Thursday) as part of GoPro, the stock exchange under the symbol "GPRO." Its primary underwriters include JPMorgan Chase, Citigroup and Barclays.

It is reported that GoPro founder Nicholas - Woodman (Nicholas Woodman) stake of 48%, is the company's largest board of directors shareholders, other shareholders include investors Riverwood Capital, Taiwan's Hon Hai Precision and Sageview Capital Master, etc. . But what is commendable is that after Woodman became a billionaire overnight, his family also had the privilege of sharing this huge fortune with him.

In fact, Woodman's success is not traditionally "self-made," as Woodman's father, who grew up in Atherton, Calif., Is the famous Robertson Financial Group, Coleman Research Group and Stephens & Woodman Investment banker Dean Woodman. During the creation of GoPro, Dean Woodman has been helping the company raise money, which helped Woodman and his then-girlfriend, and his current wife, Jill Woodman, built GoPro's earliest prototypes.

It is worth mentioning that Woodman's mother gave his son a $ 35,000 start-up funding, and Woodman's two sisters also joined Woodman's help. However, these contributions by the Woodman family have not been lost, as each of them has rewarded generous returns after GoPro's successful IPO.

GoPro shares soared 7.34 to 31.34 on the first day of the IPO, up 30.58%. Meanwhile, according to filings by the Securities and Exchange Commission (SEC), the Woodman family has been pocketed for the IPO:

1. Woodman's sister, Pilar Woodman, holds a total of 562,433 shares, worth a total of $ 17.6 million. It is learned that Pilar-Woodman Wednesday sold 88,000 shares at a price of 24 U.S. dollars per share on Wednesday, bringing her a cash income of 2.1 million U.S. dollars. According to GoPro official disclosure, Pilar - Woodman joined GoPro since 2011.

2. Woodman's mother currently holds 285,000 shares of the company, worth a total of 8.9 million U.S. dollars. If she also sold 15,000 of them at the same price of $ 24 a share, she would have brought her $ 360,000 in cash. And Woodman's stepfather Irwin Federman also holds 285,000 shares of the company, which means the two have net worth of $ 17.9 million.

3. André Moody, another sister to Woodman, has been with GoPro since 2009, and currently holds 972,000 shares of the company with a total value of nearly $ 30.05 million. On the day of the IPO, Moody's sold 108,000 shares at a price of $ 24 a share, a move that brought her about $ 2.6 million in cash.

4. Woodman's biological father, Dean Woodman, earned $ 6.8 million in 2011 by selling his company's shares to investors. But on the day of the IPO, Dean Woodman did not continue to sell the stock. Currently, as the company's largest independent shareholder, he holds a total of 7.25 million GoPro shares, accounting for about 6% of the company's total stock, while the current total price of these shares reached 227.4 million U.S. dollars. (Tom)