GoPro hopes for $ 3 billion valuation with its IPO

by bold-lichterman

GoPro has updated its folder IPO with the SEC, the US market regulator. According to him, the camera maker is expected to issue 17.8 million shares at an issue price of between $ 21 and $ 24, and thus hopes to reach a valuation of nearly $ 3 billion for a fundraiser. of $ 427 million.

Founded in 2003 by Nick Woodman, a surfer who wanted to film his sports sessions, GoPro quickly found its audience in the community of professional and amateur athletes, then among the general public. In 2012, Foxconn, the Taiwanese company that subcontracts Apple for the manufacture of its products, had acquired a little less than 9% of the capital for $ 200 million.

Since 2011, the company has hired more than 669 employees. It achieved $ 985.7 million in revenue in 2013, up from $ 526 million in 2012.

[En savoir plus : 5 chiffres à connaître sur GoPro avant son IPO]