Fitbit is planning to go public.
The San Francisco-based fitness device manufacturer filed for an initial public offering (IPO) of $100 million on the New York Stock Exchange on May 7.
The company reported net income of $131.8 million on revenue of $745.4 million last year in the filing with the Securities and Exchange Commission. It earned $48 million on revenue of $336.8 million in first quarter 2015.
Fitbit produces six wearable connected health and fitness trackers with price points ranging from $59.95 to $249.95. Core functions of each device include tracking daily steps, calories burned, distance traveled, floors climbed as well as displaying real-time feedback to users.
Fitbit’s products are sold in more than 45,000 retail stores in more than 50 countries, according to its filing.