Fitbit opened at $30.40 a share, 52% higher than its indicated price.
Fitbit marks Clavier's first IPO. He owned 6.2 million shares prior to the offering, representing 3.4 percent of the company. True Ventures, which led the initial investment, owns 22 percent. When Clavier and True Venture's Jon Callaghan first invested
On Wednesday night, the company said it had priced its initial public offering at $20 a share, exceeding its prior estimates. Earlier this week, it said it would likely sell its shares in the $17 to $19 range. That was step up from Fitbit's initial
Fitbit opened at $30.40 a share, 52% higher than its indicated price.
The initial public offering (IPO) of wearable fitness device maker Fitbit Inc. (NYSE: FIT) went out the door Thursday morning with an opening price of $31.34 per share. Shares had priced at $20 on Wednesday, giving the stock