Fitbit has 255-257 million shares outstanding with more to come fwiw...tack on a billion in Mkt cap
UA launching a beautiful package including scale, wach, and kicks for 400....hence Fitbit scrambling to get overpriced trinket out by march
Really guys? Fitbit is a hardware retailer with low barriers to entry. The only path margins can take is on a slope down. There are also 257 million shares outstanding so you can properly value the Co.
at $20 IPO shares outstanding were 178Mil for a Mkt cap of 3.6Bil. Come 2/7/16 $3 options will be converted and 171Mil of jackpot money will be available for Mkt dump.