Scalper1 News
Investor interest in the upcoming Fitbit (FIT) initial public offering is soaring, reaching a level that one underwriter reportedly referred to as “pandemonium.” Fitbit, the leading maker of wearable health and fitness tracking devices, plans to raise about $448.5 million by offering 29.9 million shares at 14 to 16. The price range is likely to be raised by Tuesday, said Scott Sweet, senior managing partner at research firm IPOboutique.com. Sweet, Scalper1 News
Scalper1 News