Fitbit, Inc. (NYSE:FIT) opened for trading today on the New York
Stock Exchange (NYSE) under the ticker symbol “FIT” after its
initial public offering on the floor of the NYSE. Barclays is the
Designated Market Maker for the company’s stock.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150618006343/en/
Fitbit CEO and Co-Founder James Park
outside of the NYSE on Fitbit's IPO day. (Photo: Business Wire)
James Park, CEO and Co-Founder, and Eric Friedman, CTO and
Co-Founder, joined by members of Fitbit’s leadership team,
commemorated the company’s public debut by ringing the NYSE Opening
Bell® and visiting the trading floor to watch the stock open.
Following the bell ringing, Fitbit hosted a celebration on Wall
Street that invited New Yorkers to join the Fitbit movement by
participating in a lunchtime workout led by celebrity trainer and
Fitbit ambassador Harley Pasternak.
Founded in 2007, Fitbit is leading a worldwide movement toward
healthier, more active lives by empowering people with data,
inspiration and guidance to reach their goals. The Fitbit platform
combines connected health and fitness devices with software and
services, including an online dashboard and mobile apps, data
analytics, motivational and social tools, personalized insights,
and virtual coaching through customized fitness plans and
interactive workouts. The platform helps people become more active,
exercise more, sleep better, eat smarter, and manage their weight.
Fitbit appeals to a large, mainstream health and fitness market by
addressing these key needs with advanced technology embedded in
simple-to-use products and services. As of March 31, 2015, Fitbit
has sold over 20.8 million devices since inception. According to
The NPD Group, Fitbit held the leading position in the U.S.
connected activity tracker market, with an 85% share, by dollars,
in the first quarter of 2015.*
“Fitbit’s IPO demonstrates the powerful role technology will
continue to play in the health and fitness movement,” said Garvis
Toler, NYSE Global Head of Capital Markets. “With the power of
capital markets fueling their innovation, Fitbit will be even
better positioned to help people lead more active lives through
wearable technology, data and inspiration.”
Click here for video of Fitbit’s bell ringing on the NYSE.
Broadcast quality footage is available via the NYSE Broadcast
Center at 212.656.5483 or NYSE-BroadCastCenter@TheIce.com.
Building upon four consecutive years of global leadership in
capital raising, the NYSE continues to maintain its position as the
venue of choice for technology IPOs in the U.S. since 2012.
Year-to-date, NYSE IPOs have raised over $10 billion in combined
proceeds, representing 61% of all proceeds raised from U.S. IPOs in
2015, including $2.4 billion in combined proceeds raised from tech
IPOs, representing 70% of all capital raised from qualifying tech
IPOs.
To learn more about NYSE’s leadership position in tech IPOs,
click here. For more information on listing on the New York Stock
Exchange, visit www.nyse.com/why-nyse.
About NYSE Group
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exchanges, and a range of related data products and technology
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Exchange, NYSE MKT and NYSE Arca - trade more U.S. equity volume
than any other exchange group. NYSE is the global leader in capital
raising for listed companies, including the majority of technology
IPOs globally since 2012. The company’s equity options markets,
NYSE Arca Options and NYSE Amex Options offer complementary market
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services and a range of market data products to support efficient,
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risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2014, as filed with the SEC on February 5, 2015.
About Fitbit
Fitbit helps people lead healthier, more active lives by
empowering them with data, inspiration and guidance to reach their
goals. As the leader in the connected health & fitness
category, Fitbit designs products and experiences that track
everyday health and fitness. Fitbit’s diverse line of award-winning
products includes Fitbit Surge, Fitbit Charge HR, Fitbit
Charge, Fitbit Flex, Fitbit Zip and Fitbit One activity
trackers, as well as the Aria Wi-Fi Smart Scale. Fitbit products
are carried in more than 30,000 North American retail stores,
45,000 stores around the globe and sold in 54 countries. (Source:
Fitbit)
Fitbit, the Fitbit logo, Fitbit Surge, Fitbit Charge HR, Fitbit
Charge, Fitbit Flex, Fitbit One, Fitbit Zip, PurePulse, MobileRun,
Aria and FitStar are trademarks, service marks and/or registered
trademarks of Fitbit, Inc. in the United States and in other
countries. All other trademarks, service marks, and product names
used herein are the property of their respective owners.
SOURCE: Intercontinental Exchange
ICE-EQ
* The NPD Group, Inc., Retail Tracking Service, Digital Fitness
Devices data, January 2013 - March 2015. Fitbit refers to connected
activity trackers in its prospectus, which has been defined in The
NPD Group data as digital fitness wrist band and multi-location
devices that connect to other devices (e.g., mobile devices and
computers, via ANT+, Bluetooth, Wi-Fi, wireless combinations, wired
connection only, and other wireless connections).
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version on businesswire.com: http://www.businesswire.com/news/home/20150618006343/en/
Intercontinental ExchangeMedia Contact:Judy Shaw, +1 212
656 4290judy.shaw@nyse.com
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