Wearable tech firm Fitbit raises price share, gets valuation of $4.1bn
June 18 , 2015
Fitbit has got a valuation of over $4 billion after it sold shares in its IPO.
The wearable tech firm raised $732 million after it priced its shares at $20 per share.
Initially, Fitbit had aimed to sell at $14-16 a share, but robust investor demand made it increase the range and size.
The company, which makes wristbands to track fitness levels, intends to use the money for R&D, and if possible, acquisitions.