Saw On Cnbc Yesterday That Gopro Is Going Public

[Blazerman]

As popular as their cameras have become I would think this might be a good investment. I don’t own one but you sure see them being used everywhere. Especially if it involves any kind of action sequence. After they go public, they will probably be a good buy out candidate too.

[Guest]

I was planning to buy Square and DropBox until GoPro announced thier decision.

I'm going all in with GoPro, then flip it when it doubles.

[Guest]

I should've bought Twitter after it tanked this week.

Ive been killing the penny stock, pump and dumps.

[MeatintheFreezer]

It is more than a coincidence that Go-Pro filed IPO paperwork the day before the olympics started. The olympics will be a platform for Go-Pro to be publicly introduced to a much broader audience.

Blazerman - I would be all over their stock, Have you heard anything about when it will go public? I haven't dug around much online, but wasn't able to find anything quickly.

[Quillback]

I never have been a fan of highly publicized initial offerings. The big brokerage firms get in at the offering price, buy up all the stock and then sell it to the public at a huge mark-up. I like Go-Pros products but don't know enough about their financial situation to make any kind of prediction on how it does.

[Blazerman]

This from the cnbc website. I am sure the will be lots more to come once the IPO gets closer.

For the record,I am not involved in this IPO in any way although i might buy shares once they go public.

San Mateo, Calif.-based action camera company GoPro registered to go public on Friday.

The company is the latest to file for a "secret" initial public offering. New rules, under the 2012 JOBS Act, allow companies to keep much of their operational information out of the public eye until shortly before the shares begin to trade. The act allows for companies with annual revenues of less than $1 billion to file with the SEC confidentially.

The date for GoPro's IPO hasn't yet been set, but it is expected to be at the end of the second quarter of 2014. JPMorgan is the lead banker on the offering, with Citigroup and Bank of America as possible participants, a source told CNBC.

GoPro's CEO and founder, Nick Woodman, started the company with $64,000 of his own capital and then got his father to put in $100,000. GoPro products are now sold through consumer electronics retailers in more than 50 countries.

Woodman has said in interviews with other media outlets that GoPro has been "profitable since day one." "We talk about wearables all the time, whether it's Google Glass or Fitbit. Well, GoPro is probably the most successful wearable electronics company out there," said Stephen Baker, vice president of industry analysis at NPD Group, a consumer market research firm.

"It is more than a camera. It's not just a standard piece of hardware. There is a lifestyle and brand associated with it," Baker added.

[Quillback]

First time I've heard about that "secret" provision. They could have a great product, but still be a poorly run company. And that info won't be public until after the IPO. Oh well.

[Flysmallie]

I wish they wouldn't do it. Too many good companies turn into horrible companies when they go public.

I'm just glad that I work for a huge privately held company that will never go public.

[Blazerman]

I am sure a lot more info will come out on them once the roadshow starts .If they truly have been “profitable since day one” as they say, then they are heads and shoulders above most small companies that file for an IPO.

[ness]

What Quill said.