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Fitbit Nearing I.P.O at $20 a Share

Tomorrow we are expecting Fibit to become a public company on Thursday. And trading on the New York Stock Exchange.

Michael J – New York Times Article 

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

Fitbit will be under the symbol FIT.

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