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Fitbit’s IPO filing shows a strong pulse
Fitbit, the maker of wearable activity trackers, has filed to go public and revealed some strong sales numbers in its pitch.The company seeks to raise as much as US$100 million, according to a regulatory filing on Thursday, though the amount is subject to change. Fitbit plans to list its stock on the New York Stock Exchange under the symbol “FIT.”The filing reveals what seems to be a healthy business. The company sold roughly 10.9 million devices in 2014, more than double what it sold in 2013 and more than eight times as many as it sold in 2012.To read this article in full or to leave a comment, please click here