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GoPro to Go Public, Files for a Confidential IPO



GoPro’s rise to the undisputed title of action camera king has been nothing short of meteoric. The company has gone from an operation out of founder and CEO Nick Woodman’s van, to a massive company that expects revenue to top 1 billion this year (a great story that you can find out about here) and now they’re hoping to make the jump to a publicly traded company.

Announced via press release yesterday, it seems GoPro has filed for a confidential IPO, which will commence as soon as the SEC completes the necessary review.

The last time GoPro raised any funding was in December of 2012, at which point the company was valued at a whopping $2.5 billion. Considering their revenue has more than doubled since then, the IPO is expected to value GoPro well into the billions.

(via The Verge)

Image credits: CineSkates GoPro by Cinetics