1:19 pm
  Local News
  State / National / World
  Opinion / Letters
  Arts / Entertainment
  Submit Event
  Comics / Games
  DJ Designers
  Advertise With Us
  About Us
GoPro files paperwork for IPO
May 20, 2014, 05:00 AM The Associated Press

GoPro Inc. has filed the paperwork to take its niche video camera business public.

The company, based in San Mateo makes devices popular with extreme athletes. Its small and durable cameras, which sell for several hundred dollars, can be found on the tops of helmets of skiers, handlebars of mountain bikers and the fronts of surfboards.

GoPro indicated in the filing that it hopes to raise up to $100 million, but that amount is likely to change as the banks managing the deal gauge investor interest. The company did not say how many shares it hoped to sell or for what price.

It plans to use the proceeds for general corporate purposes and to repay a loan.

GoPro generated net income of $60.6 million in 2013 on revenue of $985.7 million, according to its filing Monday with the U.S. Securities and Exchange Commission. That’s up from net income of $32.3 million and revenue of $526 million the year before.



Tags: million, gopro,

Other stories from today:


Print this Page Print this Page  |  Bookmark and Share
<< Back
Return To Archives

Daily Journal Quick Poll
How will your holiday shopping compare to last year?

Will do more of it
Will do a lot more of it
About the same
A little less
Not sure


San Mateo Community College District
Man wanted for domestic violence stabbing homicide in San Mateo
A suspect in a homicide noon Saturday in San Mateo has been identified by police as Anthony Kirincic..
More >>  
©2015 San Mateo Daily Journal
San Mateo County politics