Hasta La Gadget!

Action camera company GoPro has filed the initial documents for its initial public offering, according to a press release from the company this morning and confirmed by GoPro to TechCrunch. The announcement is brief, revealing only that the San Mateo company intends to go public as soon as the Securities and Exchange Commission completes its review process of the IPO submission draft filed today, February 7.

GoPro only just appointed a new Chief Financial Officer February 4, bringing former Qualcomm Atheros SVP Jack Lazar on board to occupy the spot. Lazar has occupied high-ranking financial roles at a number of companies both public and private over the years, and began his career as an auditor at Price Waterhouse. At Atheros, he helped the company IPO back in 2004, a year into his tenure. In hindsight, it seems likely Lazar was brought on to help prepare for this transition.

The camera maker was originally planning an IPO back in 2012 before its $200 million private investment round, but CEO Nicholas Woodman confirmed to TechCrunch back in September that one was still in the works. When the company raised its $200 million round from strategic partner Foxconn, it was valued at around $2.25 billion.

In an interview at Disrupt SF 2013, Woodman discussed the challenges of fundraising for a hardware startup, and the benefits of bootstrapping even at a time when crowdfunding platforms are prevalent. The founder talked about how he started with $64K of his own startup capital, followed shortly from $100K put in by his father, and how that afforded him the ability to start with a clear and singular vision.

GoPro has seen its sales numbers for its action camera products and accessories double ever year, according to the company. It made over $500 million in gross revenue on the strength of 2.3 million cameras sold in 2012, and racked up over $100 million in sales last January, and Woodman hinted that the company might exceed $1 billion in revenue for all of 2013 in a Bloomberg TV interview last October.

.@GoPro CEO Nicholas Woodman hints at $1b in revenue this yr & shows me the new Hero 3+ bloom.bg/GzLTvh—
Emily Chang (@emilychangtv) October 01, 2013

Today Twitter begins its journey into the public realm with their Initial Public Offering, seeing a relatively quick rise in price of each share in early hours of trading. The Twitter IPO began with the company offering up 70 million shares with stock priced at a cool $26 USD per share. Soon after the initial […]

Twitter‘s per-click ad value has increased by 300% since last year, an Adobe report shows. In Q3 2012, revenue-generating websites earned on average $0.11 for every link click-through from Twitter; in Q3 2013, that figure was $0.44. That revenue-per-visit (RPV) is by far the highest-percentage per-click revenue growth for the period for any social network, […]

There’s always some excitement when a tech company finally makes its IPO. The most notable, at least recently, was Facebook’s. Now, Twitter is set to have their own IPO, right around Thanksgiving.

The Twitter IPO is supposed to be unveiled soon. They will sell about 70 million shares, priced at $17 to $20. This will raise nearly $1.4 billion dollars, and will become the second biggest tech IPO since Facebook. Twitter hasn’t revealed if the shares will be listed for open market trading, but it will be listed on the NYSE, under the symbol TWTR.

The biggest issue with Twitter is how they can convince investors that they will be able to generate revenue – and profit – from its more than 200 million users.

[via Bloomberg]

Just a moment ago, Twitter’s filing for initial public offering went live at the SEC. This filing and the hype surrounding it include a variety of facts provided by the company to show potential buyers of their stock once it comes time to invest. In addition to the stock being made public here, Twitter went […]