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Fitbit After The Post IPO Pop

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  • Fitbit completed a successful IPO last week.
  • The stock has continued rising after the IPO following the path of GoPro.
  • The market valuation of Fitbit and lack of scarcity value makes it unlikely that Fitbit follows the GoPro path to $100.
The hot IPOs of the last couple of years generally fit into two categories: ones that soar on day one and peak and those that continue rising after the IPO to extreme levels. Either way, the stocks quickly obtain lofty valuations that make it difficult to own the stock going forward.

Read the full article at Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 



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