IPO

Fitbit, a maker of wearable fitness tracking devices, has raised $732 million in its IPO. The company, trading under the ticker symbol FIT on the New York Stock Exchange, priced 36.6 million shares at $20 per share, for an initial market capitalization of $4.1 billion. The company, considered one of the leaders in the wearable fitness market, attracted over $80 million in VC funding since it was founded in 2007. Investors included Foundry Group, True Ventures, SoftBank Capital, Sapphire Ventures, Qualcomm Ventures and Felicis Ventures.

Medical devices company Invuity raised $48 million in its IPO this week. The company, which reports close to $21 million in net loss on $13 million revenue for last year, priced 4 million shares at 412 per share. Invuity’s devices are designed to improve visualization in surgeries. Pre IPO VC backers included Wellington Management, Healthcare Royalty Partners, InterWest Partners, Kleiner Perkins Caufield & Byers and Wexford Capital. The company is listed on the Nasdaq under the ticker symbol IVTY.

China’s InnoLight Technology Corp., a provider of optical transceivers for cloud computing, has filed for a $100 million listing on the Nasdaq. The company last raised funds from Google Capital, Lightspeed China Partners, Oriza Holdings and Acorn Campus, securing a $38 million Series C round.

Online wellness marketplace MindBody raised $100 million in its IPO, pricing 7.15 million shares at $14 per share. The company’s initial market cap stands at around $448 million. Bessemer Venture Partners, Catalyst Investors, J.P. Morgan Digital Growth Fund, Institutional Venture Partners and W Capital Partners all invested in the company previously.

M&A

Cybersecurity startup Bit9 has completed the acquisition of Objective Logistics, a restaurant management software company. Objective previously raised $9 million in venture and debt funding from the likes of Atlas Ventures, Google Ventures and NextView Ventures. Bit9’s backers include Atlas, .406 Ventures, Highland Capital Partners, Sequoia Capital and Kleiner Perkins.

Comverse, a monetization and revenue management software provider, has acquired Acision, a mobile messaging and engagement services company based in the U.K. Comverse has paid around $245 million in cash, stock and earnouts for the deal.