Fitbit Sprints In IPO Debut, Eyes New Growth Models

By | June 18, 2015

Scalper1 News

Fitbit sprinted in Thursday’s stock debut after enjoying the largest technology IPO this year, signaling investor support even as the wearables field becomes more crowded with the Apple Watch and others. The maker of wearable health and fitness trackers rose 48% to 29.68 after trading as high as 31.90. Late Wednesday, Fitbit (FIT) raised $731.5 million, pricing 36.6 million shares at 20 each, above the upwardly revised expected Scalper1 News

Scalper1 News