FitBit Boosts IPO Size Up to $656 Million in Sign of Demand
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FitBit Inc., the maker of wearable devices that collect data on exercise and sleep patterns, boosted the size of its initial public offering to as high as $656 million amid strong demand for the shares.
FitBit and its stockholders plan to offer 34.5 million Class A shares for $17 to $19 apiece, according to a prospectus filed Tuesday. Earlier this month, the San Francisco-based company said 29.85 million shares would be offered at $14 to $16 apiece.