Wearable fitness gadget maker Fitbit valued at more than £2.5bn

Company prepares for strong start as listed company after selling nearly 11m fitness tracking devices last yearWearable fitness gadget maker Fitbit has been valued at more than $4bn (£2.5bn) as it prepares for a flying start as a listed company.The firm, which makes wristbands that track a user’s daily steps and calories burned, priced its shares at a higher-than-expected $20 each on Wednesday night. It will raise around $732m (£463m). Continue reading...