Fitbit shares rallied as much as 14% on Friday morning, one day after its blockbuster IPO.
Shares climbed to as high as $US33.25 in trading, after opening up 52% on Thursday.
The maker of fitness trackers pegged its IPO price at $US20 per share. It initially had a range of $US14 – $US16, but raised the range to $US17 – $US19, as well as the number of shares outstanding, after investors showed strong demand.
At a stock price of $US33 per share, Fitbit is valued at nearly $US7 billion.
The stock is now up more than 60% from the IPO price.
Here’s a chart showing the last two days of trading, and today’s continued rally:
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