Feeds

Strap-on gumble biz GoPro files for stock market debut in US

Trendy head-cam maker hopes to raise at least $111m to pay off debts

The next step in data security

Video

Wearable camera-maker GoPro has filed with US regulators to raise at least $111m in an initial public offering.

The firm, which markets its rugged wee point-and-shoots to sports enthusiasts, is breaking the mould for startups that want to go public by actually being profitable. The firm earned $60.6m in 2013, after it almost doubled its revenue to $985.7m.

The company said it wants to sell shares so it can pay off its debts and grow the business. According to a filing with the Securities and Exchange Commission, GoPro wants to use the money to fully repay a loan that has an outstanding balance of $111m, as well as investing in the firm, including potential acquisitions or new technologies, although it doesn’t have its eye on anything just yet.

Youtube Video

The success of GoPro has been tremendous, and that's because it's good kit - The Reg has used a couple on our LOHAN project (see above), to impressive effect. However, there are some serious pretenders to the company's action camera crown, not to mention knock-offs, so it'll be interesting to see how GoPro’s future pans out in an increasingly crowded market. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.