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Fitbit Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

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SAN FRANCISCO--(BUSINESS WIRE)--Fitbit, Inc. (NYSE:FIT), the leader in the connected health and fitness market, today announced the closing of its initial public offering of Class A common stock and the full exercise of the underwriters’ option to purchase 5,486,250 additional shares. Fitbit sold 22,387,500 shares and the selling stockholders sold 19,673,750 shares, including the shares sold upon exercise of the underwriters’ option to purchase additional shares, for a total of $841.2 million i

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