NEW YORK (TheStreet) -- Shares of Fitbit (FIT) were spiking, sharply up 9.8% to $32.59 in late morning trading Friday, after the wearable fitness tracker maker made its debut on the floor of the New York Stock Exchange yesterday.
San Francisco-based Fitbit priced its initial public offering at $20 per share, above early expectations.
The stock closed at $29.68 in Thursday's trading session after hitting an intraday high of $31.90.
The fitness device company now has a total market cap of about $6.42 billion as of 10:27 a.m. ET today.
Fitbit is a provider of health and fitness products, that combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights, and virtual coaching through fitness plans and interactive workouts.
The company offers a number of fitness products, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria.
Its wrist-based and clippable devices automatically track users' daily steps, calories burned, distance traveled, floors climbed, and active minutes and display real-time feedback.