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Fitbit filed a $100 million IPO registration Thursday with the SEC with “FIT” as its proposed ticker on the New York Stock Exchange.
The company described its core platform as a “family of six wearable connected health and fitness trackers.”
“Wrist-based and “clippable” devices automatically track users’ daily steps, calories burned, distance traveled, floors climbed, and active minutes and display real-time feedback to encourage them to become more active in their daily lives,” according to the SEC filing.
The company has grown revenue from $14.5 million in 2011 with a net loss of $(4.3) million to $745.4 million of revenue in 2014 with EBITDA of $191 million.
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Source: Fitbit S-1 Registration
The underwriters were Morgan Stanley, Deutsche Bank, Merrill Lynch, Barclays, SunTrust, Piper Jaffray, Raymond James, Stifel, and William Blair.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.