Finweek English Edition - - IN BRIEF -

The ex­pected price per Fit­bit share (R210-R235) in its ini­tial public of­fer­ing (IPO), an in­crease from its pre­vi­ous guid­ance, ac­cord­ing to fil­ings with the Se­cu­ri­ties and Ex­change Com­mis­sion. At the mid­point of the new price range, Fit­bit would be val­ued at nearly $3.7bn (R45.8bn), The New York Times re­ported. Fit­bit, which was founded in 2007, sells wearable de­vices that al­low con­sumers to track their phys­i­cal ac­tiv­ity, heart rate and calo­ries burned.

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