GoPro files for IPO, reveals nearly $1 billion in revenue
As GoPro is prepping for its IPO, the company had filed S-1 documents with the Securities and Exchange Commission on Monday afternoon. The documents do not disclose much nor was the company required to make more information public under the SEC's regulations for companies generating under $1 billion of annual revenue.
GoPro has been a big player with its action cameras that are rugged and allow enthusiasts and athletes to record their thrill-seeking performances on video. With more capital generated through the IPO, we can likely expect GoPro to expand its offerings. Currently, the company already offers an app to iOS, Android and Windows Phone smartphone owners to connect the cameras to their phones for reviewing footage and sharing the videos and photos with social networks.
Source: GoPro, via: The Verge