Problem 1 Fitbit, Inc. went public in June 2015. Please fill in the following figures and analyze their after- market price performance. (Please refer to Bloomberg, Yahoo Finance, or any financial news source to find historical prices.) Date Offer Price $20 FIT Market Price S&P 500 2100.44 6/18/15 29.68 2121.24 6/19/15 36.48 2109.99 6/22/15 40.55 2122.85 6/23/15 40.17 2124.2 6/24/15 40.48 2108.58 6/25/15 38.9 2102.31 7/20/15 44.95 2128.28 10/19/15 29.86 2033.66 1/19/16 27.9 1881.33 4/15/16 13.2 2082.78 6/17/16 14.12 2071.22

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter14: Distributions To Shareholders:dividends And Share Repurchases
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Problem 1
Fitbit, Inc. went public in June 2015. Please fill in the following figures and analyze their after-
market price performance. (Please refer to Bloomberg, Yahoo Finance, or any financial news
source to find historical prices.)
Date
Offer Price
$20
FIT Market Price
S&P 500
2100.44
6/18/15
29.68
2121.24
6/19/15
36.48
2109.99
6/22/15
40.55
2122.85
6/23/15
40.17
2124.2
6/24/15
40.48
2108.58
6/25/15
38.9
2102.31
7/20/15
44.95
2128.28
10/19/15
29.86
2033.66
1/19/16
27.9
1881.33
4/15/16
13.2
2082.78
6/17/16
14.12
2071.22
Transcribed Image Text:Problem 1 Fitbit, Inc. went public in June 2015. Please fill in the following figures and analyze their after- market price performance. (Please refer to Bloomberg, Yahoo Finance, or any financial news source to find historical prices.) Date Offer Price $20 FIT Market Price S&P 500 2100.44 6/18/15 29.68 2121.24 6/19/15 36.48 2109.99 6/22/15 40.55 2122.85 6/23/15 40.17 2124.2 6/24/15 40.48 2108.58 6/25/15 38.9 2102.31 7/20/15 44.95 2128.28 10/19/15 29.86 2033.66 1/19/16 27.9 1881.33 4/15/16 13.2 2082.78 6/17/16 14.12 2071.22
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