Fitbit (FIT) Sees IPO Price of $14 - $16/Share
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June 17, 2015 8:16 AM EDT
One day before its highly-anticipated IPO, Dougherty & Co analyst Charles Anderson initiated coverage on Fitbit (NYSE: FIT) with a Buy rating and a price target of $28. This is above the expected $17-$19 range the IPO is indicated to price, which was recently raised from $14-$16.
"Fitbit is perhaps the... More
June 16, 2015 6:21 AM EDT
Fitbit, Inc. (NYSE: FIT) filed an amended registration with the U.S. SEC for an IPO of its Common Stock. The company plans to sell 34.5 million units and sees an IPO price of $17 - $19 per share, from a previously expected amount of 29.85 million shares and pricing range of $14 to... More
June 15, 2015 11:56 AM EDT
Fitbit (NYSE: FIT) offered the following updates with its amended S-1 filing on Monday:
Update to Risk Factors
The following updates and supplements the discussion in the Preliminary Prospectus under the caption Risk FactorsRisks Related to Our BusinessOur failure or inability to protect our intellectual property rights, or claims by others that we are infringing upon or unlawfully using their intellectual property could diminish the value of our brand and weaken our... More
