Oura Plans to Raise $2.2 Billion Through IPO, Nearly Two-Thirds of Shares Sold by Existing Shareholders
Oura plans to raise up to $2.2 billion through its IPO, but nearly two-thirds of the shares will go to existing shareholders. The company and its shareholders will issue 50 million shares, with a price range of $40 to $44. Of these, 36.5 million shares will be sold by shareholders, which would generate approximately $1.53 billion at the midpoint price. The company itself will only receive about $567 million. The second-largest shareholder, Forerunner Ventures, plans to sell all of its 9.3% stake.
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