Wearable tech company Fitbit has garnered a valuation of more than $4bn (£2.5bn) after selling shares in its initial public offering (IPO).
Fitbit raised $732m after pricing its shares at $20 each, having increased the size and price range for a second time due to strong investor demand.
In its prospectus, Fitbit had initially aimed to sell shares between $14 and $16 each.
Shares will begin trading on the New York Stock Exchange on Thursday.
The firm - which will be using the symbol FIT - plans to use the money raised for research and development and possible acquisitions.
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