Fitbit, which offers wearable fitness devices that track daily activities, raised $732 million by offering 36.6 million shares (39% insider) at $20, above the upwardly revised range of $17 to $19. The company had originally filed to offer 29.9 million shares (25% insider) at a range of $14 to $16; the extra shares were all offered by selling shareholders. Fitbit will list on the NYSE under the symbol FIT. Morgan Stanley, Deutsche Bank and BofA Merrill Lynch acted as joint bookrunners on the deal.
