Oura's $2.2 Billion IPO Is Roughly Four Times Oversubscribed, Report Says
Regulatory filings show the smart ring maker and existing shareholders are offering 50 million shares priced between $40 and $44.
Oura's planned initial public offering is roughly four times oversubscribed as institutional investor demand builds, according to reporting by Bloomberg curated by Techmeme (https://www.techmeme.com/260925/p19#a260925p19).
According to regulatory filings cited in the report, Oura and its selling shareholders are offering 50 million shares priced in a targeted range of $40 to $44 each. At that pricing band, the public offering would raise approximately $2.2 billion.
The fourfold oversubscription rate indicates that total orders placed during the book-building process significantly exceed the 50 million shares made available by the company and its selling stockholders.
The transaction structure combines shares offered directly by Oura with secondary stock offloaded by existing shareholders. Final pricing and allocation remain subject to market conditions and the completion of the formal underwriting process before shares begin trading publicly.
Sources
Written by
The Company Wire
Inside the companies building what’s next. Reporting on startups, technology, funding and the people shaping them.
