GoPro files for IPO, reveals nearly $1 billion in revenue | Connectedly

GoPro files for IPO, reveals nearly $1 billion in revenue

By Chuong H Nguyen on 19 May 2014 05:30 pm

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

Related: GoPro HERO3 Plus News

Reader comments

GoPro files for IPO, reveals nearly $1 billion in revenue


UK police officers have portable cameras strapped to there chests and have done for a few years now one flip of the lens cover and it's recording, I wonder if there Go pro's as Friday and Saturday nights can get rather err boisterous to put it politely.

I hope the IPO does not screw up the company and it's priorities, it's much easier for a private company to do what needs to be done focusing on it's customers without constantly having to cater to stupid shareholders who's only goal is money and profit.

Wouldn't have guessed them to be a $985 million revenue company. Net income is $60 million.

Hope the IPO goes well for them and they survive the transition to a publicly traded company. It is a big change that trips up a lot of start up companies.

I wonder what other offering they might come up with... $1B in revenue is a lot, and if they need/want an IPO to fund the next part of their business, you've gotta think they have something big planned...

If this is all actually true, all I would want is more variety... specially in pricing. I've been wanting one for a long time now, and I know they are pretty high-end cameras, but they should have a cheaper model...