Fitbit Announces Launch of Proposed Follow-on Offering
10 November 2015 - 8:20AM
Business Wire
Fitbit, Inc. (NYSE: FIT), the leader in the connected health and
fitness market, today announced that it has commenced a follow-on
public offering of its Class A common stock pursuant to a
registration statement on Form S-1 filed previously with the U.S.
Securities and Exchange Commission (SEC). Fitbit is proposing to
sell 7,000,000 shares of Class A common stock and certain selling
stockholders are proposing to sell 14,000,000 shares of Class A
common stock. In addition, the selling stockholders have granted
the underwriters a 30-day option to purchase up to an additional
3,150,000 shares of Class A common stock to cover over-allotments.
Fitbit will not receive any proceeds from the sale of the
shares by the selling stockholders.
Morgan Stanley, Deutsche Bank Securities, BofA Merrill Lynch,
Barclays, and Citigroup will act as active joint book-running
managers for the proposed offering. SunTrust Robinson Humphrey,
Piper Jaffray, RBC Capital Markets, and Stifel will act as passive
joint book-running managers.
This offering will be made only by means of a prospectus. A copy
of the preliminary prospectus may be obtained from Morgan Stanley
& Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014,
Attn: Prospectus Department; or from Deutsche Bank Securities Inc.,
60 Wall Street, New York, NY 10005, Attn: Prospectus Department, by
telephone at (800) 503-4611, or by email at prospectus.cpdg@db.com;
or from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn:
Prospectus Department, by telephone at (866) 500-5408, or by email
at dg.prospectus_requests@baml.com; or from Barclays Capital Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, email: Barclaysprospectus@broadridge.com,
telephone: (888) 603-5847; or from Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: (800) 831-9146.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151109006728/en/
Fitbit, Inc.Investor Contact:Brad Samson,
415-604-4106investor@fitbit.comMedia Contact:Jen Ralls,
415-722-6937PR@fitbit.com
Fitbit (NYSE:FIT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Fitbit (NYSE:FIT)
Historical Stock Chart
From Jul 2023 to Jul 2024