GoPro Is Going Public
GoPro is letting everyone know that it has confidentially filed documents with the Securities and Exchange Commission for an initial public offering.
The company, which sells wearable cameras that have become quite a popular among the action-sports and online video sets, had been rumored to be going public as far back as 2012. At that point, GoPro was said to be seeking a $300-$500 million IPO.
Last year, GoPro was valued at $2.25 billion when Chinese electronics manufacturer Foxconn invested $200 million into the company.
GoPro made more than $520 million in 2012, according to Forbes. The report also notes that companies need to make less than $1 billion in order to file for a confidential IPO under the JOBS Act, which suggests that GoPro didn’t double its sales numbers in 2013.
Aside from the athletes, brands, and online creators who use GoPro cameras for their videos, GoPro itself is a pretty prolific producer of online content. Its YouTube channel has more than 1.6 million subscribers, and features all sorts of cool sports, adventure, and stunt videos.Tags: GoPro, IPO, youtube