Maker of wearable fitness tracking devices, Fitbit Inc., priced its initial public offering at $20 per share, which values the company at about $4.1 billion.
The company’s IPO raised $731.5 million, after its initial public offering of nearly 36.6 million shares was priced above its expected price range.
The company on Tuesday expected the IPO to be priced between $17 and $19 per share.
The material has been provided by InstaForex Company – www.instaforex.com