Fitbit Announces Pricing of Initial Public Offering
June 17 2015 - 7:05PM
Business Wire
Fitbit, Inc. (NYSE:FIT), the leader in the connected health and
fitness market, today announced the pricing of its initial public
offering of 36,575,000 shares of its Class A common stock at a
price to the public of $20.00 per share. Fitbit is offering
22,387,500 shares and certain selling stockholders are offering
14,187,500 shares. In addition, the selling stockholders have
granted the underwriters a 30-day option to purchase up to an
additional 5,486,250 shares of Class A common stock. The shares are
expected to begin trading on the New York Stock Exchange under the
symbol “FIT” on June 18, 2015.
Morgan Stanley, Deutsche Bank Securities, and BofA Merrill Lynch
are acting as active joint book-running managers for the offering.
Barclays and SunTrust Robinson Humphrey are acting as passive joint
book-running managers and Piper Jaffray, Raymond James, Stifel, and
William Blair are acting as co-managers.
The offering is being made only by means of a prospectus. A copy
of the final prospectus, when available, may be obtained from
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New
York, NY 10014, Attn: Prospectus Department; or from Deutsche Bank
Securities Inc., 60 Wall Street, New York, NY 10005, Attn:
Prospectus Department, by telephone at (800) 503-4611, or by email
at prospectus.cpdg@db.com; or from BofA Merrill Lynch, 222
Broadway, New York, NY 10038, Attn: Prospectus Department, or by
email at dg.prospectus_requests@baml.com.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
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version on businesswire.com: http://www.businesswire.com/news/home/20150617006501/en/
InvestorsThe Blueshirt GroupPeter
Salkowskiinvestor@fitbit.comorPressFitbit, Inc.Jen Ralls,
1-213-926-1734pr@fitbit.com
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