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6/15/2008
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Fort Collins, CO
US
Edited Date/Time
10/8/2015 8:47am
I know this isn't strictly moto, but I use my GoPro for moto all the time. I got an email from GoPro this morning about their IPO. I am sure a bunch more of you got it. Is anyone going to invest? I really have no idea what to think about this. That would be pretty cool to get in on an IPO, especially one like GoPro.
I wonder what they would open at?
To: Everyone Who Helped Us Get Here
We dream. We all have passionate ideas about what’s possible in this world.
GoPro helps people capture and share their lives, their passions. Like how a day on the mountain with friends is better than one spent alone, the sharing of collective experiences makes our lives more meaningful, more fun.
To all of you who share this sentiment and are fans of GoPro, at our request, the underwriters of our initial public offering have reserved up to 1.5% of the Class A common stock to be offered through the LOYAL3 platform, at the initial public offering price.
The LOYAL3 Social IPO™ Platform is designed to democratize IPO participation, making it easy and affordable for large numbers of people to purchase shares in our IPO at the same price, and at the same time, as institutions and other large investors. LOYAL3 Platform participation is on a first-come, first-served basis.
Individuals can elect to purchase shares in our IPO through LOYAL3 in amounts ranging from $100-$10,000, with no transaction fees. Should you choose to forward this email to your partners, employees and friends, you must do so without changes, in precisely this form (only by email, so hyperlink to the preliminary prospectus is active, and only to U.S. residents).
For more information, or to view a preliminary prospectus and to enroll, click: GoPro IPO through the LOYAL3 Platform.
While with most IPOs "friends and family" are defined as a few select people, with our IPO, you're all our friends and family.
None of the magic of GoPro happens without you, our passionate customers and fans…and we thank you!
Thank you.
Nick Woodman, CEO
The Shop
But then again.........
But when I think about it, I dont see another camera out there that can even come close to the gopro.
I do think they waited a little too long to open it up but that's just my opinion.
BUT.... there ain't a competitor out there that can touch GoPro's brand strength.
I know nothing about IPOs. Core Google fans are constantly pissed off at Google and it didn't hurt their IPO.
Gopro, they are doing many thing right, and as far as I have read on it's business practices it is a good company.
What are they doing right? They are not focusing on sports, or just extreme sports. This is one of the factors that hurt Contour and other competitors are following. GoPro has a great presence in sports, and action sports in particular, but you also see people doing world travels with their GoPro and that is what they are doing really well. Marketing it really well where people whom would not normally look at purchasing one do go out and buy.
They have a really good sales and lobby group which has enabled GoPro to be the sole provider of first person camera shots in several pro series, including Supercross.
As I deal with money, capital investments along with budgets I get to spend time researching many things. Mostly for the Pharma industry as it is for work, however this was fun to look at, and I plan on getting in on the IPO.
Note, I am not a GoPro sales man, I actually own a contour as it was what we used in the Army attached to our helmets while on operations and works for my laserskirmish business.
EDIT: 24 a share is my line, any higher and I will stand back and watch for the first month.
Anything filmed in a car is almost 90% gopro.
They are also used on action shows like american ninja warrior and shows on HGTV.
So I can see your point of not only servicing the action sports area but branching out and being able to touch multiple areas where people will spend their money on a quality product.
And I for one have never had an issue with their customer service so that's a good sign of how they run their business.
Im still on the fence but thank you for the quality insight.
My advice - Don't
IPOs are one of the riskiest investments you can make, even for a seasoned trader.
Pit Row
I had borrowed a friends GoPro to film some diving, snorkeling and fishing. I was on a dive boat with a captain that spoke very little English. I was sitting there trying to figure out the settings on the GoPro because it wasn't mine and I really don't mess with them much. He looked over and said here, and took it and programmed what he thought I needed it on. I was like holy shit that he knew what he was doing. I mean, Lembongan is a very remote island with only boat access, in a country that is literally as far away from American as you can possibly get and he knew this thing like it was personal stop watch. That is the first time that it really dawned on me how much of an outreach their product has. That is amazing.
I tend to look at a company as where can they go as apposed to where have they been. As far as product market share, I see them expanding to their current client list with new features. I see them pulling out Wifi or a live video feed and they just made a new product that many of their existing customers will just have to have. Customers that are already happy with the GoPro they already have. I can see where they can move up after the IPO.
My concern with GoPro is that they're close or already have peaked much like the iPhone. They're the most successfully marketed and sold product in their sector. Staying at the top long term is difficult. At some point, competitors will start differentiating and the GoPro name will become more of a novelty than the primo product. Then the question becomes, can they adapt. Apple has struggled this far adapting. It just depends on GoPro's leadership which I would be willing to gamble on.
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