OURA IPO DRAWS 4X DEMAND
Oura’s IPO is about four times oversubscribed, with banks expected to stop taking orders Monday afternoon, per Bloomberg.
The smart-ring maker is offering 50M shares at $40-$44, implying up to a $2.2B deal. Oura itself is selling 13.5M shares, while existing shareholders are selling 36.5M.
At the top of the range, Oura would be valued at about $14.1B, or roughly $15B fully diluted.
Pricing is expected Sept. 29, with shares set to trade on Nasdaq under $OURA.
Source: Bloomberg