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Fitbit IPO Valued At $3.7bn

Fitbit IPO Valued At $3.7bnExcitement about
Fitbit’s success is driving strong demand for the shares. The eight-year-old
company boosted the number of shares it and its shareholders are selling to
34.5 million, and raised the estimated price range to $17 to $19 a share.

At the midpoint of the revised size and pricing, Fitbit would be valued at $3.7
billion.