GoPro Files Prospectus for IPO of Extreme-Sports Camera Maker
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GoPro Inc.’s cameras are made to withstand filming in waves, wind and snow. Now, the company is set to face investors after filing for an initial share sale.
The company disclosed its prospectus yesterday with a $100 million placeholder, a figure used to calculate fees that will change. GoPro, based in San Mateo, California, tapped JPMorgan Chase & Co., Citigroup Inc. and Barclays Plc to manage the initial public offering, according to the filing. GoPro plans to use the proceeds from the IPO for general corporate purposes and to repay debt.