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Fitbit debuts on New York Stock Exchange, raising $732M

Jun 18, 2015 - The Deal Pipeline

Wearable fitness technology company Fitbit Inc. (FIT) debuted on the New York Stock Exchange Thursday, after pricing its shares at $20, above its expected range.  The venture capital-backed company's shares popped in early morning trading Thursday, up 53% to $30.70 per share. The offering raised approximately $732 million for San Francisco-based FitBit and values the company at about $4.1 billion. Fitbit is backed by Boulder, Colo.-based Foundry Group, San Francisco-based Tru...