Fitbit - News, Features, and Slideshows
Fitbit sprinted into Wall Street in its debut as a public company Thursday, as its shares opened 52 percent higher than the price that the wearables company had set for them.
Wearable devices that track steps and monitor sleep may have been dismissed as fads, but Fitbit's upcoming initial public offering paints a different picture.
Jawbone has filed its second lawsuit against Fitbit in less than two weeks, claiming its activity tracking products infringe several of Jawbone's patents.
Fitbit, whose wearable devices collect data on users' fitness activities and sleeping patterns, plans on pricing its initial public offering at US$14 to $16 a share, raising up to $358 million if its stock sells on the high end of the range.
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A place in your pocket is no longer enough for mobile gadget makers: now, they want your body.
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