Wearable camera maker GoPro to be listed

SAN FRANCISCO, May 20 morning news, wearable sports camera and accessories developer GoPro on Monday submitted to the Securities and Exchange Commission (IPO) IPO (initial public offering) documents, plans to finance up to 100 million US dollars.

Documents show that JPMorgan, Citigroup and Barclays are GoPro IPO lead underwriter. Founded in 2004, GoPro sells its products through specialty retailers targeting the surf, ski and motor sport enthusiasts. Discovery Channel and ESPN are also users of GoPro devices.

GoPro founder and CEO Nicolas Woodman and his family hold 49% of the company. The company's other major shareholders include Foxconn Foxconn Holdings.

In 2013, GoPro nearly doubled its revenue to $ 985.7 million. The company has been profitable with a 2013 profit of 60.6 million U.S. dollars, or 47 cents a share.

The IPO document did not disclose how many shares GoPro plans to sell and the estimated price. GoPro plans to use IPO proceeds for working capital, debt repayments, and acquisitions or investments in other companies, technologies and assets. GoPro plans to be listed on the NASDAQ under the ticker symbol GPRO.

According to GoPro, the amount of financing announced in the current IPO filing is used only to calculate underwriting fees, and the resulting IPO may be different in size. (Qiu Yue)