** Fitbit drops another 7 pct to a 2-mth low aheadof its selling-shareholder-dominated follow-on set to priceafter market close today
** Stock has now shed more than a fifth of its value sincethe co announced plans on November 2 to offer 21 mln shares, 14mln by stockholders
** Just this week alone, shares have tanked 15 pct whileFitbit began officially marketing the deal to investors
** Fitbit will have wide latitude over the use of proceedsco estimates raising (approx $256 mln) from its sale of 7 mlnshares. The offering prospectus cites general corp purposes,including R&D, sales and marketing, capex, and possibleinvestments in or acquisitions of complementary businesses (http://1.usa.gov/1MZKC20)
** Last week, Fitbit reported Q3 sales that nearly tripledand raised its Q4 sales forecast, helped by demand from marketsoutside the Americas
** Co said in October it had added over 20 corporatecustomers in past four months, including offering activitytrackers to employees of Barclays, retail giant Target and GoDaddy Inc
** Stock currently trading 58 pct above its $20 June IPOprice (RM: lance.tupper.tr.com@reuters.net)