- 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.
GoPro confidentially files for IPO
Feb 7 2014, 10:43 ET