GoPro, Inc. closed its initial public offering of Class A common stock Tuesday after underwriters fully exercized their option to purchase 2,670,000 additional shares. 

All told, GoPro sold 8,900,000 shares through the IPO, while selling stockholders sold 11,570,000 shares, including those sold upon exercise of the underwriters' options.


The company stock closed Wednesday at about $42, down 13 percent for the day, but still well above its IPO price of $26.

J.P. Morgan, Citigroup, and Barclays acted as lead joint book-running managers for the offering. Allen & Company, Stifel, Baird, MCS Capital Markets, Piper Jaffray, and Raymond James are acting as co-managers for the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.