The hotly-anticipated initial public offering of GoPro (NASDAQ: GPRO) this week is one of the largest consumer electronics debuts of the decade.
Shares surged more than 30 percent on Thursday from its IPO opening price of $24 per share, as the company raised $427 million in cash.
The initial success of GoPro may soon pave the way for entry into a number of exchange-traded funds in the near future as well.
The most likely ETF to get the first shot at adding this high definition video maker is the Renaissance IPO ETF (NYSE: IPO). This fund allows new publicly-traded companies to be added to its index on the fifth day of trading, and subsequently removes any stocks that have more than two ...
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