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.