PetaPixel

GoPro Seeks $3 Billion Valuation Ahead of IPO

GoProIPO_1

GoPro pulled in more than $1 billion last year, and as the company prepares to go public, all eyes are on the action cam king to see what kind of price tag it receives. Well, now we have a figure, and according to Bloomberg, it rings to the tune of $3 billion.

Said to be selling 14% of its shares, some 17.8 million, for between $21 to $24, the California-based company could raise as much as $427 million in one day when all is said and done. With these funds, GoPro will look to repay its debts and use the remaining for general business purposes — from R&D to investing in more manufacturing capabilities.

GoProIPO_2

Upon diving into the amended prospectus that revealed all of this information, there are a few tidbits that stick out. The most notable to us is the particular companies GoPro lists as competitors. While we would expect a company such as Canon Inc. and Sony Corp. to make the list, Garmin Inc. also shows up there, possibly hinting at more GPS-enabled or focused devices in the future.

According to Bloomberg, those interested in these sorts of business dealings should mark June 25th in their calendars. That’s the day the company will supposedly set the price on shares for the IPO.

(via Bloomberg)


 
  • Mark Zee

    GoPro Hero 4 should have 240 frames per second at 1080p. That’s what I wish for. :)

  • Eric

    GoPro is also offering up to 1.5% of its IPO shares to the public via the “LOYAL3 Social IPO Platform,” a way for “regular” investors to get in on the action.

  • Bobalooi

    GoPro reminds me a lot of Beats. An absolutely terrible end product, but amazing marketing prowess. Good on them, I’ll just never buy another.

  • Nick V

    I already signed up and am waiting for that text to buy.

  • LucySinclairsyk

    Josiah .
    although Jacqueline `s stori is surprising, last week I bought themselves a
    Chrysler from having made $5060 thiss month and-in excess of, 10/k last-month .
    it’s realy the easiest-work I have ever done . I started this 4 months ago and
    pretty much straight away was bringin in at least $78 per-hour . why not look
    here C­a­s­h­d­u­t­i­e­s­.­C­O­M­