Fitbit's proposed $350 million IPO shows device sales strength and subscription service weakness

On May 7, 2015, health and fitness wearables company Fitbit formally declared its initial public offering (IPO) through a Form S-1 submission to the U.S. Securities and Exchange Commission (SEC). On June 2, 2015, the wearable device leader filed an update to the SEC, indicating it will look to ra...

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