GoPro, basically the name synonymous with action-camera mobile HD video, is one of America's most recent super-success stories. Well, they look to be taking things a step further as they have announced they'll be conducting a registered initial public offering of its common stock. The offering is expected to commence after the SEC completes the review process initiated by GoPro's confidential submission on Friday February 7, 2014 of its draft registration statement.
This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
They're going public folks!
[Via TechCrunch and PR Newswire]
How much? ;)
Makes sense. They're a really solid company now and I'm sure the early investors want liquidity in their holdings. I'd love to take a look at their financials though...this could be a good long term investment.
Great, another fantastic company who is selling its soul to the "20% growth or die" world of Wallstreet, which will force them to make business decisions they've never had to make before. Sorry GoPro, I used to love you, but our relationship is about to get too complicated.