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Camera Maker GoPro Files for IPO

Philippe Huguen/AFP/Getty Images(SAN MATEO, Calif.) -- Camera maker GoPro announced plans Monday to file its initial public offering, detailing the company's finances and goal to raise up to $100 million in its estimated offering size.

The San Mateo-based company is best-known for its small video devices worn by athletes and the unique, first-hand perspective the angles provide. The filing with the Securities and Exchange Commission shows GoPro collected nearly $1 billion in revenue and sold more than 3.8 million high-definition cameras in 2013.

The document showcases future plans to introduce new devices and efforts to expand internationally, as well as create a, "seamless content management and sharing system."

The company is set to list on the NASDAQ exchange under the ticker symbol GPRO.


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