Quantcast

Friday, August 01, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

GoPro files paperwork for IPO

By Associated Press

POSTED:
LAST UPDATED: 12:38 p.m. HST, May 19, 2014


GoPro Inc. has filed the paperwork to take its niche video camera business public.

The company, based in San Mateo, California, makes devices popular with extreme athletes. Its small and durable cameras, which sell for several hundred dollars, can be found on the tops of helmets of skiers, handlebars of mountain bikers and the fronts of surfboards.

GoPro indicated in the filing that it hopes to raise up to $100 million, but that amount is likely to change as the banks managing the deal gauge investor interest. The company did not say how many shares it hoped to sell or for what price.

It plans to use the proceeds for general corporate purposes and to repay a loan.

GoPro generated net income of $60.6 million in 2013 on revenue of $985.7 million, according to its filing Monday with the U.S. Securities and Exchange Commission. That's up from net income of $32.3 million and revenue of $526 million the year before.





More From The Star-Advertiser

North Shore property sold to GoPro CEO




 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(0)
You must be subscribed to participate in discussions


IN OTHER NEWS
Breaking News