GoPro confidentially files for IPO

|By:, SA News Editor

GoPro, maker of a line of wearable sports/action cameras that have achieved cult status with many of their users, has confidentially filed for an IPO.

In preparation for its IPO, GoPro recently hired Qualcomm exec Jack Lazar to be its CFO. 14 months ago, the company sold an 8.9% stake to giant contract manufacturer Foxconn at a $2.25B valuation.

Ambarella (AMBA +3.8%) whose video-processing SoCs power GoPro's cameras, are up strongly today after selling off earlier this week.