The company plans to sell just under 22.4 million shares priced between $14 to $16. At the high end, that would bring the total amount raised in its IPO to $358 million. The filing also states that FitBit stockholders plan to sell 7.5 million shares.
FitBit filed an S-1 last month (with $100 million as a placeholder number for the amount to be raised) stating that the company sold 20.8 million devices as of March 31, and that it brought in $745.4 million in revenue last year.
FitBit will trade on the New York Stock Exchange under the symbol “FIT”.