SAN FRANCISCO — Fitbit Inc. made investors’ hearts pump a little faster Tuesday by upping the amount it hopes to raise in its much-anticipated initial public offering.
In what could lift a so-far slow year for IPOs, the company told the U.S. Securities and Exchange Commission it intends to price its shares anywhere between $17 and $19 apiece—$3 more than first disclosed—and the amount of shares sold by existing shareholders will go up from 7.5 million to about 12 million.
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