GoPro (GPRO) Stock Gains Today Following Secondary Public Offering Announcement

NEW YORK (TheStreet) -- GoPro (GPRO) shares are up 4.16% to $84.95 in trading on Tuesday after the action camera manufacturer revealed details of its previously announced follow-on stock offering, with plans to sell 11.94 million shares worth approximately $844.4 million.

CEO Nick Woodman alone will sell up to 4.08 million shares worth $332.4 million, with the company itself selling an additional 1.29 million shares and other shareholders selling the rest.

GoPro's stock has more than tripled since its June debut at $24 per share. The company's original IPO lockup agreement ends December 23 when all shares will be available for trade.

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GPRO Chart GPRO data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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