As signs outside the New York Stock Exchange declared that “Wall Street Is Getting Fit,” activity tracking company Fitbit began public trading today. It quickly surged to 50-plus percent above its IPO price and held steady for the rest of the day.
NEW YORK (TheStreet) — On June 18 TheStreet will be watching Fitbit's IPO, notable earnings and key economic data. Fitbit makes its trading debut on the the New York Stock Exchange Thursday morning. The wearable fitness tracker is expected to price
to be worth $19 billion by 2018. With the Fitbit (NYSE: FIT) IPO date just three days away, here's everything you need to know about the deal – including whether or not you should buy Fitbit stock when it begins trading…
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
Fitbit has been the standard bearer for the developing wearables market, but now the company will need to continue to grow and evolve. Fitbit CFO Bill Zerella told the Fool during a phone interview on the day of the IPO that the company is not worried