Evan
@StockMKTNewz
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参加 April 2020
484 フォロー中 1.1M ファン
Oura’s $OURA upcoming IPO is reportedly ~4x oversubscribed
Oura should begin trading on the Nasdaq next week
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
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