Fitbit Shows off Its Pipes in NYSE Debut as Shares Soar

June 18, 2015 2:16 PM

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Fitbit flexed some muscle Thursday and its shares rocketed 50 percent higher in the first day of trading for the fitness tracking gear maker.

Fitbit's initial public offering priced at $20 per share, bringing in more than $730 million and valuing Fitbit at about $4.1 billion in total. The company had already raised its stock price expectations this week and said the IPO would include additional shares, but the offering still surpassed its...

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