SAN FRANCISCO, CA — Tracking fitness is not only trendy but profitable as the wearable device leader Fitbit burst onto Wall Street with a healthy debut.
Trading under the symbol “FIT,” the company offered 36,575,000 shares of its Class A common stock in its New York Stock Exchange opening. According to the Wall Street Journal, shares for its initial public offering (IPO) jumped to $30.40, 52% above its expected price of $20.
Founded in 2007 Fitbit, which sells a variety of activity trackers and wristbands and the Fitbit Aria Wi-Fi Smart Scale, has a number of high-profile admirers including President Barack Obama who was spotted wearing the Fitbit Surge in March of this year.
New York — Exercise routines scale new heights as the aerial yoga fad from AntiGravity® Fitness goes global.
The company recently expanded its floating yoga classes, which are in many respects reminiscent of Cirque du Soleil acrobatics, in Asia, and it now has more than 250 locations globally.
Founded by Christopher Harrison in 2008, AntiGravity incorporates moves from traditional yoga, Pilates, and barre methods.
“The human body is the greatest work of art ever created,” said Harrison, “and each person is its caretaker. AntiGravity techniques are celebrated around the world as a methodology for health and a philosophy of lightness. When practitioners open up space in the body, space is also opened in the mind; AntiGravity techniques help people to open up and feel free.”
Through the use of a silk hammock, aerial yoga participants progress through a number of movements hanging upside down. Harrison says the inversion “decompresses the spinal column, helps refresh the circulatory and endocrine systems, and fosters greater joint mobility.” The strength required to remain suspended in air for a period of time also works numerous muscle groups and tones the core, arms and legs.
The company’s future expansion plans include Vietnam, Dubai, and Bahrain.