Brokerdealer.com blog update profiles the newest IPO filing that has many investors excited. Fitbit has filed for IPO just months after Bloomberg’s Leslie Picker reported that Fitbit would IPO this year. Fitbit is known for its products of the same name, which are activity trackers, wireless-enabled wearable devices that measure data such as the number of steps walked, quality of sleep and other personal metrics. Fitbits are so popular that even US President Obama is wearing one. The company will be listed on the New York Stock Exchange under the ticker FIT. This brokerdealer.com IPO blog update is courtesy of CNBC’s article, “Fitbit files for initial public offering” by Nana Sidibe. Below is an excerpt from the article.
The sport tracker company Fitbit filed Thursday for an IPO of up to $100 million, according to a Securities and Exchange Commission filing.
Investors in Fitbit include Qualcomm Ventures and SoftBank Capital, according to the company’s official website.
The number of shares and price haven’t been disclosed yet. Fitbit gave no specific plan for the proceeds from the IPO.
To read more about this exciting new filing, click here.