Action Camera maker GoPro is set to become a public company after the firm confidentially filed IPO documents with the Securities and Exchange Commission.
The news comes just in time for the start of the 2014 Sochi Winter Olympics where GoPro cameras are playing a key role in capturing the action.
GoPro had reportedly been in talks for a $300 million to $500 million IPO back in 2012, according to Reuters. Later that year the company was valued at $2.25 billion in a transaction where Foxconn invested $200 million.
According to Forbes, GoPro did $521 million in sales in 2012 and expected to double that in 2013.
A short statement said
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.
GoPro to go public
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