Fitbit Eyes IPO
Fitbit announced that it has filed paperwork to propose an initial public offering (IPO) of its stock.
The wearables maker announced that it has filed Form S-1 with the Securities and Exchange Commission. Following the filing, the stock will trade on the New York Stock Exchange under the symbol FIT.
Morgan Stanley, Deutsche Bank Securities, and BofA Merrill Lynch, Fitbit said, "will act as active joint book-running managers for the proposed offering."