FitBit Plans To Raise Up To $358M In Its IPO

Fitness tracker FitBit has updated the filing for its initial public offering with new pricing details.

The company plans to sell just under 22.4 million shares priced between $14 to $16. At the high end, that would bring the total amount raised in its IPO to $358 million. The filing also states that FitBit stockholders plan to sell 7.5 million shares.


FitBit filed an S-1 last month (with $100 million as a placeholder number for the amount to be raised) stating that the company sold 20.8 million devices as of March 31, and that it brought in $745.4 million in revenue last year.
FitBit will trade on the New York Stock Exchange under the symbol “FIT”.