Fitbit Priced, NYSE: FIT

Offers wearable fitness devices that track daily activities.

Industry: Consumer Discretionary

Latest Trade: $5.23 0.00 (0.0%)

First Day Return: +48.4%

Return from IPO: -73.9%

Industry: Consumer Discretionary

Fitbit is transforming the way millions of people around the world achieve their health and fitness goals. The Fitbit platform combines connected health and fitness devices with software and services, including an online dashboard and mobile apps, data analytics, motivational and social tools, personalized insights, and virtual coaching through customized fitness plans and interactive workouts. Our platform helps people become more active, exercise more, sleep better, eat smarter, and manage their weight. Fitbit appeals to a large, mainstream health and fitness market by addressing these key needs with advanced technology embedded in simple-to-use products and services. We pioneered the connected health and fitness market starting in 2007, and since then, we have grown into a leading global health and fitness brand. As of September 30, 2015, we have sold over 30.0 million devices since inception. According to The NPD Group, we held the leading position in the U.S. connected activity tracker market, with an 88% share, by dollars, in the third quarter of 2015.
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IPO News for Fitbit
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IPO Data
IPO File Date 05/07/2015
Offer Price $20.00
Price Range $17.00 - $19.00
Offer Shares (mm) 36.6
Deal Size ($mm) $732
IPO Data
IPO Date 06/17/2015
Offer Price $20.00
Price Range $17.00 - $19.00
Offer Shares (mm) 36.6
Deal Size ($mm) $732
Underwriters
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Company Data
Headquarters San Francisco, CA
Founded 2007
Employees 579
Website www.fitbit.com