Fitbit IPO Jumps On First Day Of Trading

By | June 18, 2015

Scalper1 News

Fitbit (FIT) turned in one of the hottest IPOs of the year, with shares popping 50% as trading opened early Thursday. Fitbit priced shares at 20, above its expected range, and opened at 30 on the NYSE. In early trading, Fitbit stock was near 31. Fitbit set a record as the largest tech IPO this year, raising $732 million with its initial public offering that priced late Wednesday. The big opening price is a sign of investor confidence in the Scalper1 News

Scalper1 News