HiPERCAM is a quintuple-beam imager that saw first light on the 4.2 m William Herschel Telescope (WHT) in October 2017 and on the 10.4 m Gran Telescopio Canarias (GTC) in February 2018. The instrument uses re- imaging optics and 4 dichroic beamsplitters to record ugriz (300–1000 nm) images simultaneously on its five CCD cameras. The detectors in HiPERCAM are frame-transfer devices cooled thermo-electrically to 90°C, thereby allowing both long-exposure, deep imaging of faint targets, as well as high-speed (over 1000 windowed frames per second) imaging of rapidly varying targets. In this paper, we report on the as-built design of HiPERCAM, its first-light performance on the GTC, and some of the planned future enhancements.