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JUNE 18, 2015

Fenwick & West and Goodwin Procter help Fitbit launch $732 million IPO

Fenwick & West represented San Francisco-based wearable device maker Fitbit Inc. in its initial public offering worth $732 million. Fitbit sold 22.4 million shares at $20 per share, which brought the company about $448 million. Existing shareholders also participated in the IPO, selling roughly 12 million shares.

The Fenwick team included Mountain View-based partners Cynthia Clarfield Hess and Jeffrey Vetter and Seattle-based partner James Evans. Goodwin Procter represented the underwriters with a team that included Menlo Park-based partners Rezwan Pavri and Richard Kline.