Fitbit (FIT) IPO Opens Up 52%

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Go back to Fitbit (FIT) IPO Opens Up 52%

Fitbit Announces Pricing of Initial Public Offering

June 17, 2015 7:05 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT), the leader in the connected health and fitness market, today announced the pricing of its initial public offering of 36,575,000 shares of its Class A common stock at a price to the public of $20.00 per share. Fitbit is offering 22,387,500 shares and certain selling stockholders are offering 14,187,500 shares. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 5,486,250 shares of Class A common... More