GoPro, a Half Moon Bay, California-based producer of wearable and gear mountable cameras and accessories, announced plans to conduct a registered initial public offering of its common stock.
No additional information is available.
Backers included Riverwood Capital, Steamboat Ventures, Sageview Capital, Walden International, US Venture Partners and Foxconn International Holdings (read about the investment here).
The company has also named Jack Lazar as Chief Financial Officer.
Led by Founder and CEO Nicholas Woodman, GoPro allows customers to capture and share collective experiences via cameras, mounts, accessories, software and apps.
Read the Press Release below:
GoPro, Inc. announced today that it plans to conduct 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.