Fitbit to list on New York Stock Exchange

Mobile fitness devices are hot stuff, and the US manufacturer hopes to raise $100 million in its IPO

9th May, 2015

Fitbit, the US company that makes wearable fitness tracking devices, has signalled its intention to list on the New York Stock Exchange, and experts predict that it could become a takeover target.

Filings with the US Securities and Exchange Commission last week indicated that Fitbit hopes to raise $100 million from its initial public offering.

The company, which has offices in San Francisco and Boston, was set up in 2007 by Eric Friedman and James Park,...

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