Nothing to Worry About Fitbit (FIT) Fundamentally, Leerink Partners Says; PT Up to $81

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Go back to Nothing to Worry About Fitbit (FIT) Fundamentally, Leerink Partners Says; PT Up to $81

Fitbit Intends to File Registration Statement for Proposed Follow-On Offering

November 2, 2015 4:15 PM EST

SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT) today announced that it intends to file a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) on November 2, 2015 relating to a proposed underwritten follow-on public offering of its Class A common stock. Fitbit is proposing to sell 7,000,000 shares and certain selling stockholders are proposing to sell 14,000,000 shares. In addition, the selling stockholders... More