Friday, May 8, 2015

Fitbit Files For IPO

San Francisco-based Fitbit filed for an IPO late Thursday, saying that it is looking to raise up to $100M on the New York Stock Exchange as FIT. The IPO is being underwritten by Morgan Stanley, Deutsche Bank Securities, BofA Merrill Lynch, Barclays, Suntrust Robinson Humphrey, Piper Jaffray, Raymond James, Stifel, and William Blair. Fitbit is backed by Foundry Group, True Ventures, SoftBank, as well as others.