Already an action cam juggernaut, GoPro plans to go public and grow even bigger

gopro plans to become a public company files for ipo cheststrap

Update 5-21-2014: GoPro continues with its IPO filing, and it’s almost there. The company has tapped J.P. Morgan, Barclays, and Citigroup as lead underwriters. The company would trade on Nasdaq under the symbol GPRO

GoPro has grown tremendously since coming on the scene, with a commanding presence in the POV action cam market. But the company is poised to get even bigger: GoPro is in the process of going public, and has filed the paperwork for the initial public offering, according to TechCrunch. Once the Securities and Exchange Commission completes its review, GoPro will become a public company.

This isn’t the first time GoPro has planned for an IPO. In 2012, IPO plans were put aside after it secured $200 million in private investment from Foxconn, which saw GoPro’s value shoot up to $2.25 billion. But CEO Nicholas Woodman said there were still plans to go public. Indeed, the new IPO plans may be the reason why GoPro brought in former Qualcomm Atheros SVP Jack Lazar as its new chief financial officer; Lazar has a lot of experience with these things.

For a company that started with $64,000 to making more than $500 million on its cameras – profit that traditional camera companies could only hope for these days – the company could become a Wall Street darling should the IPO go through. Woodman even hinted that GoPro might exceed $1 billion in revenue for 2013. It’d be interesting to see, with shareholders to account for, where the company plans to go when it becomes a public entity.

(Image via GoPro)

Mobile

We checked out Samsung’s 5G concept phone. Here’s what it’s like

5G is been all talk for years, but it's finally becoming a reality. At Qualcomm's annual Snapdragon Summit, Samsung showed off a concept of its first 5G device, which will ultimately go on to be released to the public in the first half of…
Business

Chinese court upholds Qualcomm's complaint that Apple infringed on two patents

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Emerging Tech

Buying on a budget? Here’s all the best tech you can snag for $25 or less

We live in a world where you can get a cheeseburger for $1, a functioning computer for $5, and thousands of HD movies for $10 -- so it stands to reason that you should be able to pick up some pretty sweet gear for $25.
Emerging Tech

Keep your holiday gift list high-tech and low-budget with these gadgets

Modern technology doesn't always come cheap, but there plenty of premium devices that don't carry a premium price. Whether you're looking for a streaming device or a means of capturing photos from above, our list of the best tech under $50…
Social Media

Hotel chain offers an Instagram ‘sitter’ who will post photos for you

If the pressure to post stunning Instagram photos is ruining your vacations, then how about hiring a local Instagram influencer to do the job for you while you go off and enjoy yourself? Well, such a service now exists.
Social Media

Ride the rails and share your stories with Amtrak’s new social media residency

Amtrak is looking for travel fans with a knack for telling stories on social media. The new Amtrak social media residency program wants amateur travelers to share photos, video, and written content from aboard long-distance trips.
Photography

Full-frame mirrorless cameras just made their Hollywood debut with this thriller

The Possession of Hannah Grace isn't just a thriller -- it's also the first Hollywood feature film to be shot completely with a full-frame mirrorless camera. The film was shot with several Sony a7S II bodies and anamorphic lenses.
Photography

Lens Rentals zooms in on the most popular cameras of the year

As 2018 comes to a close, Lens Rentals is taking a look at most popular cameras of the year, based on rental data. While Sony and Panasonic saw more rentals than the previous year, Canon is still the most-rented brand on the platform.
Photography

Luminar’s new libraries don’t even need you to manually import images

Luminar 3's new libraries feature doesn't require importing -- images are automatically added after clicking on a folder. The long-promised libraries feature gives editors a Lightroom alternative with organization tools as well as syncing…
Emerging Tech

The best drone photos from around the world

Most of today's drones come equipped with high-end cameras, which are quickly revolutionizing the world of aerial photography as we know it. Here are some of the best drone photos from around the world.
Photography

The best mirrorless cameras pack all the power of a DSLR, minus the bulk

Mirrorless cameras offer a lot of photography firepower, inside a compact body. Explore the best mirrorless cameras, from the pro-level to the beginner-friendly shooters, in this guide.
Photography

Photography News: Startup redesigns tripod heads ‘inside out’ for more flexibility

Well, this doesn't look like the ball heads that we've seen before. Instead of designing a tripod ball head with a small cutout, the Colorado Tripod Company created one with most of the ball exposed, allowing for more possible angles.
Photography

MIT science photographer isn’t an artist, but her work could fill galleries

Felice Frankel is an award-winning photographer, but she doesn't consider herself an artist. As a science photographer, she has been helping researchers better communicate their ideas for nearly three decades with eye-catching imagery.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Folding canoes and ultra-fast water filters

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!