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GoPro plans $100 million IPO as company prepares to go public

GoPro expected to raise in the neighborhood of $100 million during its IPO, as the action camera maker continues to try and build its brand and expand.

Published Tue, May 20 2014 4:15 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Action camera maker GoPro is expected to raise around $100 million during its initial public offering (IPO), though investors might be initially hesitant to jump onboard. GoPro's revenue in 2013 was $985 million, an 87 percent year-over-year increase in 2012, as net income also nearly doubled from $32 million up to $61 million in 2013.

GoPro plans $100 million IPO as company prepares to go public | TweakTown.com

GoPro announced its plans to go public in February, after the SEC approved the paperwork during its confidential submission. Despite GoPro's popularity among athletes, the tech industry has been relatively harsh for companies trying to go public - but GoPro's ability to ramp up profitability should help reassure investors that GoPro going public can be successful.

However, revenue growth is slowing - and competition is increasing, with a number of companies offering similar high-definition sports cameras - though GoPro remains the most recognizable brand name currently available.

NEWS SOURCE:money.cnn.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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