FitBit Goes Public and Stock Sprints Beyond Expectations

Want some stock in FitBit? Don't sweat it.
FitBit, the maker of fitness-tracking wearables, became a public company on Thursday, as stock in the market leader of the wearable fitness shot up more than 50% to about $31 in its first morning of trading.
The company's IPO priced at $20 per share, which was already well above the initial range of between $14 and $16 per share. At that price, the company is worth $4.1 billion.
FitBIt's initial public offering has been among the most anticipated of the year, as popular tech companies have begun to remain private far longer than in the past.