Friday, 7 February 2014

GoPro IPO Is a Go


GoPro, the maker of high-definition cameras often used to record feats of athletic derring-do, is planning to go public.

The IPO is expected to happen after the SEC finishes reviewing the company's submission documents, according to a press release from the company.

Founded in 2003, the Half Moon Bay, Calif.-based GoPro has operated until now as a unit of Woodman Labs. The company, which originally intended to go public in 2012 but later scrapped the plan, has received more than $200 million in private funding until this point, valuing it at around $2.25 billion.

GoPro is one of this year's most-awaited tech IPOs. Others include Square, Dropbox and Shazam — none of whom have publicly announced such plans. Box, meanwhile, is reportedly planning to go public this year, but hasn't confirmed such plans.

Image: PHILIPPE DESMAZES