Fitbit plans an initial public offering of 22.4 million shares, raising an additional $358 million in financing, the wearable tech company disclosed in a regulatory filling on Tuesday.
How Fitbit would spend the money, however, remains an open question. The company says the funds could be used to accelerate research and development or ramp up acquisitions, but no firm plans have been set.
Company has preformed significantly well in recent years and future looks bright. Is this enough for you to invest your hard earned on Fitbit IPO this month?