Fitbit Bumps IPO Price, Living Up To Pandemonium Buzz
Living up to the reported pandemonium, Fitbit (FIT) on Tuesday raised the price of its initial public offering 38% above its previous range. The company now plans to raise $621 million, at the midpoint of the new price’s range, up from $448.5 million. That would make it the fifth-largest IPO on U.S. markets this year, out of 78 thus far. Fitbit, the leading maker of wearable health and fitness tracking devices, plans to offer 35.5 million shares