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Wall Street Workout: Fitbit Files to Trade on the NY Stock Exchange

The sport tracker company Fitbit filed for an IPO of up to a $100 million.
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The sport tracker company Fitbit has filed for an IPO of up to a $100 million. The company will trade on the NYSE under the ticker FIT.

Major underwriters include Morgan Stanley, Deutsche Bank and Bank of America Merrill Lynch.

The number of shares and price haven't been disclosed yet. Fitbit said that it has no specific plan for the proceeds from the IPO.

Fitbit sold 10.9 million devices last year, according to its filing, and another 3.9 million in the first quarter of this year.

The company had reported revenue of $336.8 million and net income of $48 million for the three months ended in March 31.

Fitbit specializes in the production of tracking devices that monitor health and fitness. The device records calories burned and the activity level of users among others.

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--- Nana Sidibe, CNBC