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Anybody play IPO's?

Posted on 6/3/15 at 4:50 pm
Posted by Chuck3000
Fayetteville
Member since Sep 2014
302 posts
Posted on 6/3/15 at 4:50 pm
FitBit has my attention.
It's being billed as the next big tech IPO like GPRO.
Obviuosly, its not GoPro but it's a very popular item with lots of upside.

Last year, I whiffed on GPRO, SHAK & VA due to fear of chasing.

Any thoughts on Fitbit?
Posted by Jwodie
New Orleans
Member since Sep 2009
7205 posts
Posted on 6/3/15 at 5:10 pm to
quote:

Any thoughts on Fitbit?


All I can add is for my wife's 30th birthday I called all over metro New Orleans trying to find Fitbit's new "Charge HR" model and literally no retailer had it in stock - I'm talking Best Buy, Dick's, Radio Shack, even cell phone carriers. Even Amazon was sold out, or was on backorder 2-3 weeks. I then randomly checked Amazon a few days later and luckily found a Prime-eligible seller who got them in stock.

So, all I know is the Charge HR model is heavily coveted.

Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 6/3/15 at 5:27 pm to
Same thing at Target last week in BR. My girlfriend wanted one so we went and they were sold out. Empty shelves. My employer provided us one and I like it. I am considering investing in this IPO as well.
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 6/3/15 at 5:30 pm to
quote:

Fitbit is profitable, with $745 million in revenue last year and over $100 million in net income


Those numbers seem crazy. I had no idea they had those kind of sales. I'd like to know what their next ventures are though because there's only so much room for wristband growth, especially with the Apple Watch and others coming into the market.
Posted by Shepherd88
Member since Dec 2013
4587 posts
Posted on 6/3/15 at 5:33 pm to
quote:

Apple Watch


Was gonna say this too, so what will the FitBit do that the Apple iWatch won't be able to do?
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59522 posts
Posted on 6/3/15 at 5:38 pm to
healthcare management. real time tracking and analysis of health data.
This post was edited on 6/3/15 at 5:41 pm
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 6/3/15 at 5:40 pm to
quote:

so what will the FitBit do that the Apple iWatch won't be able to do?
Be able to get dirty and sweaty without you worrying about breaking it, while also being cheaper and having a much longer battery life. Apple will take market share though, but FitBit still has a niche I don't think the Apple Watch fills, unless they create a more rugged version.
Posted by saderade
America's City
Member since Jul 2005
25737 posts
Posted on 6/3/15 at 6:05 pm to
I have never invested in an IPO but SOFI has me very interested.
Posted by Chuck3000
Fayetteville
Member since Sep 2014
302 posts
Posted on 6/3/15 at 6:50 pm to
Who knows, Apple might want to acquire Fitbit down the road.
Posted by reb13
Member since May 2010
10905 posts
Posted on 6/3/15 at 7:18 pm to
Interested in jimmy johns.
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 6/4/15 at 12:39 am to
Apple needs to buy tesla down the road
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 6/4/15 at 6:27 am to
quote:

Interested in jimmy johns.


They are going to IPO?? I've heard nothing on this. Would definitely be a buyer though. Hell, I may need one for lunch now.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65701 posts
Posted on 6/4/15 at 6:49 am to
quote:

my wife's 30th birthday
Pics?

On March 11, 2015 Summit Materials (NYSE: SUM) went public at $18.00/ share.

It's at $25.76 this morning.

This post was edited on 6/4/15 at 8:18 am
Posted by catfish 62
Atlanta
Member since Mar 2010
4912 posts
Posted on 6/4/15 at 8:18 am to
Has FitBit officially announced an IPO date?
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 6/4/15 at 8:31 am to
I'm pretty sure it's June 17th.
Posted by Bucktail1
Member since Feb 2015
3188 posts
Posted on 6/4/15 at 3:39 pm to
Can someone explain to me how you purchase shares of an IPO? Can you pre-order shares or do you just have to jump in at market price on the date it debuts?
Posted by whodatigahbait
Uptown
Member since Oct 2007
1752 posts
Posted on 6/4/15 at 3:46 pm to
quote:

FitBit has my attention.
It's being billed as the next big tech IPO like GPRO.
Obviuosly, its not GoPro but it's a very popular item with lots of upside.

Last year, I whiffed on GPRO, SHAK & VA due to fear of chasing.

Any thoughts on Fitbit?


This assumes you could have gotten stock in any of these. i do IB in new york and I can tell you that if it's that good of a deal unless you have millions of dollars with a bulge bracket you aren't getting ANY shares, and if you do get shares you probably dont want them because it's going straight down.
Posted by Chuck3000
Fayetteville
Member since Sep 2014
302 posts
Posted on 6/4/15 at 6:44 pm to
You're saying that you can't profit from IPOs?
Posted by whodatigahbait
Uptown
Member since Oct 2007
1752 posts
Posted on 6/4/15 at 9:08 pm to
No I'm saying you can get shares in the initial offering which is where the vast majority of the profit is made.
Posted by ByrdEarl
Member since Apr 2015
1 post
Posted on 6/8/15 at 11:06 pm to
The timing looks good for Fitbit IPO as wearable device market is in boom these days. Fitbit has a line of physical products and has solid revenue growth. Despite the recall issues, Fitbit managed to turn profitable last year.

LINK
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