GoPro Reportedly Planning to Go Public with a $300M+ IPO
It’s not every day that a camera company goes public, but that’s what GoPro is reportedly trying to do.
Reuters, which broke the story, reports that the company is planning to raise $300 million to $500 million in an initial public offering sometime in 2013.
Just for comparison, Facebook raised $16 billion when it held its IPO back in May — though the stock has been plummeting since then.
Based in Half Moon Bay, California, GoPro is known for its small, wearable, weatherproof, and shockproof cameras that are used by extreme athletes around the world to document their daredevil stunts.