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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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