Fitbit on the up after IPO

Wearables maker Fitbit saw strong growth in its share price following its Initial Public Offering (IPO), indicating that concern about its position in this competitive market is not dampening investor sentiment. Shares were initially priced at $20, above the range …

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Wearables market in rude health in Q1 – IDC

The worldwide wearable device market recorded its eighth consecutive quarter of steady growth in the first quarter of 2015, bucking the post-holiday slowdown in what was described as “a strong sign for the wearables market”. “It demonstrates growing end-user interest …

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Fitbit set for $300M IPO payday

Fitbit is looking to raise up to $358 million from its initial public offering, the company revealed in newly-filed documents. In its documentation it said that with shares priced at the mid-point of its range, and deducting costs related to …

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Jawbone alleging foul play by Fitbit

Jawbone is taking legal action against fitness band rival Fitbit, stating that it made efforts to “steal talent, trade secrets and intellectual property from its chief competitor”. Noting that Fitbit is in the process of preparing for an initial public …

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Fitbit reveals strong growth ahead of IPO

Fitbit revealed a number of key metrics ahead of a planned initial public offering, which indicated that the company is seeing good momentum in the burgeoning wearables market. The company is apparently looking to raise at least $100 million. A …

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Fitbit on the defensive after irritation claims

Wearables company Fitbit hit back at reports that its new Charge device has caused skin irritations for consumers, stating that the issue is “not uncommon with jewellery or wearable devices that stay in contact with the skin for extended periods”. …

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