On the day of GoPro Inc (NASDAQ:GPRO)’s initial public offering, a snickering whisper could be heard among skeptical hedge fund players similar in tone to what was heard around the IPOs of Facebook Inc (NASDAQ:FB) and King Digital Entertainment PLC (NYSE:KING). The polite terms being used in public were the IPO valuations “rich” and reflected “optimal market conditions” to launch an IPO.
John Fichthorn announce short interest in GoPro
The murmur swirling near GoPro was also around sky-high valuations and the fact the company was being marketed as something it was not: a media play. Today Dialectic Capital’s John Fichthorn put his money on...
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