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GoPro is headed to Wall Street, files IPO papers with SEC

GoPro files IPO information with SEC, will go public soon

By Charles Gantt on Feb 10, 2014 02:05 pm CST - 0 mins, 47 secs reading time

GoPro is unmistakably the largest action camera brand in the world, and the company is about to get a whole lot bigger. This morning GoPro filed plans for its initial public offering with the US securities and exchange commission, a step that begins is journey down the path to transitioning from private ownership to becoming publicly held.

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The filing is a confidential process which makes it hard to determine how much the company plans on raising with the IPO, but during 2012, GoPro was valued at $2.5 billion based on an investment from Foxconn of $200 million for 5.88-percent of GoPro. Additionally in 2012, GoPro made more than $500 million in revenue in 2012, and estimates put the company at over $1 billion for 2013, which means that a valuation of $3.5 - $5.5 billion is not out of the question. With the company seemingly doubling year over year, I would not be surprised to see a number closer to $6 or $7 billion total for the IPO.

Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

NEWS SOURCE:electronista.com

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