GoPro IPO seeks to raise $100 million

Action camera company GoPro is hoping to go public and raise as much as $100 million in an IPO on the Nasdaq, the company revealed in corporate filings Monday.
The maker of one of the best-known lightweight, wearable cameras plans to raise capital through an initial public offering, Briar Stewart reports 3:02

Action camera company GoPro is hoping to go public and raise as much as $100 million in an IPO on the Nasdaq, the company revealed in corporate filings Monday.

The California based company hinted in February it planned to go public in the near future, but Monday's filings with the SEC were the first indications of any details of that plan.

Founded in California in 2004 by surfer Nick Woodman (who still owns almost half the company) GoPro has grown to become the most popular portable action camera system on earth, regularly outperforming more higher-end models manufactured by conventional camera makers. 

The company sold almost 4 million cameras in 2013 and saw its revenues almost double to just under $1 billion US, the SEC filing shows.

GoPro plans to list on the Nasdaq under the symbol GPRO.

More to come

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