Thursday, June 18, 2015

Fitbit Prices IPO

San Francisco-based Fitbit priced its IPO late Wednesday evening, saying that it will offer up 36,575,000 shares of its common stock to investors at $20.00 per share. The company will debut on the New York Stock Exchange under the symbol FIT today. The pricing was well above the earlier, estimated pricing range the company had set on June 3rd, when it said it expected to price at between $14.00 and $16.00 per share. Fitbit is backed by Foundry Group, True Ventures, SoftBank, as well as others.