Fitbit Shares Soar on Market Debut, But Enters Crowded Market

Fitbit Shares Soar on Market Debut, But Enters Crowded Market

Shares in the wearable technology company Fitbit have soared more than 50 on their first day of trading in New York.br Initially priced at $20 a share, they jumped to $30.40 in early trading.br The company, which makes wristbands that track your calories and footsteps, raised $732million from the share sale.br Fitbit plans to use the money raised for research and development and possible acquisitions.


User: Wochit

Views: 212

Uploaded: 2015-06-18

Duration: 00:47

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