Scalper1 News
After a slow start to the year, initial public offerings picked up a solid pace in the second quarter, with some big winners and losers. The 69 new issues nearly doubled the number in Q1, while total proceeds raised more than doubled to $12.6 billion from $5.5 billion in Q1. June alone recorded 35 IPOs, the most for any June since 2000. Here’s our take on the most notable IPOs of the second quarter: Taking first place is Fitbit (FIT), the maker of wearable health and fitness trackers. The largest tech IPO this year, Fitbit raised $732 million on its June 18 debut. In vestor interest was described by IPOBoutique.com as reaching the level of “pandemonium” ahead of the launch. Fitbit priced 36.6 million shares at 20 each, above its upwardly revised expected range of 17 to 19. Fitbit stock popped 48% on its first day of trading and touched … Scalper1 News
Scalper1 News