GoPro Files For IPO As The Action Camera Maker Prepares To Go Public
Action camera company GoPro has filed the initial documents for its initial public offering, according to a press release from the company this morning and confirmed by GoPro to TechCrunch. The announcement is brief, revealing only that the San Mateo company intends to go public as soon as the Securities and Exchange Commission completes its review process of the IPO submission draft filed today, February 7.
GoPro only just appointed a new Chief Financial Officer February 4, bringing former Qualcomm Atheros SVP Jack Lazar on board to occupy the spot. Lazar has occupied high-ranking financial roles at a number of companies both public and private over the years, and began his career as an auditor at Price Waterhouse. At Atheros, he helped the company IPO back in 2004, a year into his tenure. In hindsight, it seems likely Lazar was brought on to help prepare for and smooth this transition.
The camera maker was originally planning an IPO back in 2012 before its $200 million private investment round, but CEO Nicholas Woodman confirmed to TechCrunch back in September that one was still in the works. When the company raised its $200 million round, it was valued at around $2.25 billion.
Developing…
Source: http://techcrunch.com/2014/02/07/gopro-files-for-ipo-as-the-action-camera-maker-prepares-to-go-public/
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