GoPro plans to raise $100 million in IPO

GoPro is looking to raise $100 million in its initial public offering, the company announced in a Securities and Exchange Commission filing on Monday.

GoPro, formerly Woodman Labs, plans to be listed as GPRO on the NASDAQ, reported Forbes. The company brought in $985 million in revenue in 2013, an 87 percent increase from 2012. However, growth slowed in Q1 2014, down 7 percent from $255 million in Q1 2013.

GoPro founder and CEO Nicholas Woodman and his wife Jill Woodman own 48.8 percent of the company. Woodman’s father Dean Woodman, owns a 6.4 percent stake.

To read more about the IPO from Forbes, click here.

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