Fitbit increases IPO price

Tuesday 16 June 2015 | 15:19 CET | News
Fitbit increased the price per share and number of shares available in its initial public offering. Shareholders of the maker of wearable fitness devices are now offering 12.11 million shares, up from the 7.46 million first announced, at a price of USD 17-19 per share, versus USD 14-16 previously. Fitbit will also sell 22.39 million new shares. This raises the total possible proceeds to USD 655.5 million. The over-allotment option was also increased, to 5.175 million from 4.478 million shares. 

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Categories: Mobile & Wireless
Companies: Fitbit
Countries: World
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