Home > Latest News > Fitbit Slides After Share Debacle

Fitbit Slides After Share Debacle

Fitbit Slides After Share Debacle

Fitbit, which went public in June at $20 a share, had put an extra three million shares of common stock up for sale at US$29 each – lower than Thursday’s closing price of $31.68 – but it seems only a relative handful were sold. It had originally intended to sell seven million.

Fitbit’s price fell to $27.86 at the close in New York.