Fitbit Inc is reportedly in talks with banks for its initial public offering in the United States. Such a move would be among the first for the active wearable-technology market.
Sources told Bloomberg that Morgan Stanley would lead the IPO, which is estimated to raise up to $150 million. Fitbit and Morgan Stanley have not responded to the report. San Francisco-based Fitbit was founded in 2007. Its backers include the venture capital firms Foundry Group and True Ventures.
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