Thursday, June 18, 2015

Fitbit Prices I.P.O. at $20 a Share, Above Top of Its Range - The New York Times

On a related note, see Andreessen Horowitz: Why we're not in the next tech bubble (Fortune)

"The company, which sells popular wearable fitness-tracking devices like the Fitbit Surge bracelet, priced its initial public offering at $20 a share on Wednesday, a dollar above its already heightened price range of $17 to $19 a share.

At that level, the company will raise $732 million for itself and its selling stockholders after increasing the number of shares to be sold to 36.6 million from 34.5 million. The price values Fitbit at $4.1 billion.

The shares will begin trading on Thursday on the New York Stock Exchange under the symbol FIT."
Fitbit Prices I.P.O. at $20 a Share, Above Top of Its Range - The New York Times
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