Fitbit prices IPO above indicated range

News Wireless Global 18 JUN 2015
Fitbit prices IPO above indicated range
Fitbit priced its initial public offering at USD 20 per share, ahead of the already increased indicated range of USD 17-19. As a result the maker of wearable fitness devices raises USD 447.8 million from the sale of new shares, and existing shareholders collected USD 242.2 million from the sale of part of their stock. The underwrites have the option to sell another 5.2 million existing shares if demand warrants. Fitbit is expected to start trading 17 June on the New York Stock Exchange. 

Categories:

Mobile

Companies:

Fitbit

Regions:

Global

Tags:

Consumer devices, Financial funding

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