Fitbit Announces Closing of Initial Public Offering & Full Exercise of the Underwriters’ Option to Purchase Additional Shares
June 23 2015 - 3:05PM
Business Wire
Fitbit, Inc. (NYSE:FIT), the leader in the connected health and
fitness market, today announced the closing of its initial public
offering of Class A common stock and the full exercise of the
underwriters’ option to purchase 5,486,250 additional shares.
Fitbit sold 22,387,500 shares and the selling stockholders sold
19,673,750 shares, including the shares sold upon exercise of the
underwriters’ option to purchase additional shares, for a total of
$841.2 million in aggregate gross proceeds to Fitbit and the
selling stockholders. The shares began trading on the New York
Stock Exchange on June 18, 2015 under the symbol “FIT.”
Morgan Stanley, Deutsche Bank Securities, and BofA Merrill Lynch
acted as active joint book-running managers for the offering.
Barclays and SunTrust Robinson Humphrey acted as passive joint
book-running managers and Piper Jaffray, Raymond James, Stifel, and
William Blair acted as co-managers.
The offering was made only by means of a prospectus. A copy of
the final prospectus 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 was
declared effective by the Securities and Exchange Commission on
June 17, 2015. 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/20150623006479/en/
InvestorsThe BlueShirt GroupPeter
Salkowskiinvestor@fitbit.comorPressFitbit, Inc.Jen Ralls,
1-213-926-1734pr@fitbit.com
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