Tags IPO

GoPro Files For IPO As The Action Camera Maker Prepares To Go Public

GoPro HD Hero2 with helmet mount

Action camera company GoPro has filed the initial documents for its initial public offering, according to a press release from the company this morning and confirmed by GoPro to TechCrunch. The announcement is brief, revealing only that the San Mateo company intends to go public as soon as the Securities and Exchange Commission completes its review process of the IPO submission draft filed today, February 7.

GoPro only just appointed a new Chief Financial Officer February 4, bringing former Qualcomm Atheros SVP Jack Lazar on board to occupy the spot. Lazar has occupied high-ranking financial roles at a number of companies both public and private over the years, and began his career as an auditor at Price Waterhouse. At Atheros, he helped the company IPO back in 2004, a year into his tenure. In hindsight, it seems likely Lazar was brought on to help prepare for this transition.

The camera maker was originally planning an IPO back in 2012 before its $200 million private investment round, but CEO Nicholas Woodman confirmed to TechCrunch back in September that one was still in the works. When the company raised its $200 million round from strategic partner Foxconn, it was valued at around $2.25 billion.

In an interview at Disrupt SF 2013, Woodman discussed the challenges of fundraising for a hardware startup, and the benefits of bootstrapping even at a time when crowdfunding platforms are prevalent. The founder talked about how he started with $64K of his own startup capital, followed shortly from $100K put in by his father, and how that afforded him the ability to start with a clear and singular vision.

GoPro has seen its sales numbers for its action camera products and accessories double ever year, according to the company. It made over $500 million in gross revenue on the strength of 2.3 million cameras sold in 2012, and racked up over $100 million in sales last January, and Woodman hinted that the company might exceed $1 billion in revenue for all of 2013 in a Bloomberg TV interview last October.

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Darrell Etherington

February 7th

Gadgets

U.S.

U.S. District Judge Robert Sweet has ruled that Facebook, Mark Zuckerberg and dozens of banks must face a lawsuit, accusing them of misleading investors about the social network's economic health during its IPO. Ouch.

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Jamie Condliffe

December 19th

Uncategorized

Mark Zuckerberg on the NSA Debacle, Facebook Home, and Sucking at IPOs


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Jamie Condliffe

September 12th

Uncategorized

Stupid California Cost Itself $600 Million Over Stupid Facebook IPO

It's generally a bad idea to base your budget on hypothetical money that may or may not end up in your pocket. It's a much worse idea if you're the state of California, and that money is wacky Facebook cash. More »


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Sam Biddle

January 17th

Uncategorized

Stupid California Cost Itself $600 Million Over Stupid Facebook IPO

It's generally a bad idea to base your budget on hypothetical money that may or may not end up in your pocket. It's a much worse idea if you're the state of California, and that money is wacky Facebook cash. More »


Comments Off on Stupid California Cost Itself $600 Million Over Stupid Facebook IPO

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Sam Biddle

January 17th

Uncategorized

Stupid California Cost Itself $600 Million Over Stupid Facebook IPO

It's generally a bad idea to base your budget on hypothetical money that may or may not end up in your pocket. It's a much worse idea if you're the state of California, and that money is wacky Facebook cash. More »


Comments Off on Stupid California Cost Itself $600 Million Over Stupid Facebook IPO

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Sam Biddle

January 17th

Uncategorized

Zuckerberg Rambling About Nothing for 30 Minutes Earned Facebook $7 Billion [Facebook]

Do you want to know what power is? Power is going up on a stage, yammering about very little for half an hour, and boom, a few days later your company is worth nearly $7 BILLION more than it was a few days ago. More »


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brent rose

September 14th

Uncategorized

Zuckerberg Rambling About Nothing for 30 Minutes Earned Facebook $7 Billion [Facebook]

Do you want to know what power is? Power is going up on a stage, yammering about very little for half an hour, and boom, a few days later you company is worth nearly $7 BILLION more than it was a few days ago. More »


Comments Off on Zuckerberg Rambling About Nothing for 30 Minutes Earned Facebook $7 Billion [Facebook]

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brent rose

September 14th

Uncategorized

Facebook Handled Its IPO Exactly Right [Facebook]

Andrews Ross Sorkin wrote a piece for the NY Times that was just ridiculous. He put the blame squarely on the back of the CFO of FB. Talk about getting it 180 degrees wrong. More »


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Mark Cuban - Blog Maverick

September 4th

Uncategorized

Why Facebook’s Tanking Today [Facebook Ipo]

The stock is falling! The stock is falling! If you stopped following the Facebook IPOcalypse on Friday, it might be time to pull up another chair. FB has plummeted 12 percent as of this writing, with no signs of pulling out of its nosedive. Ruh roh. More »


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Brian Barrett

May 21st

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