Oura’s IPO seeks $2.2bn, and 73% of it goes to existing shareholders
ThinkingNews Desk · how this was written
Oura is filing to raise $2.2 billion in a U.S. IPO, offering 50 million shares priced between $40 and $44 each. The offering would value the company at about $14.1 billion at the top of the price range. Roughly 73 percent of the proceeds will go to existing shareholders.
Written from all 4 reports below, not from any single one.
How it was reported
- TechMeme·Filing: Oura is seeking to raise up to $2.2B in its US IPO, marketing 50M shares at $40 to $44 each, giving it a $14.1B valuation at the top of its range (Subrat Patnaik/Bloomberg)
- The Next Web·Oura’s IPO seeks $2.2bn, and 73% of it goes to existing shareholders
- TechCrunch·Oura’s $2.2B IPO is mostly a payday for existing shareholders
Oura’s IPO will raise up to $2.2 billion by selling 50 million shares at $40-$44 each, but 36.5 million shares are offered by existing shareholders, mainly Forerunner Ventures, who will receive about $1.20 billion at a $42 listing price. The company will net roughly $532.6 million, using $526.4 million to settle tax obligations on employee share grants, leaving about $6.2 million for general purposes. Oura’s revenue is dominated by hardware ($974 million) and a growing membership business that generated $240.5 million with an 89% gross margin, and the company expects 5.7 million paying members by year-end.
- Hacker News·Smart Ring Maker Oura, Backers Seek $2.2B in US IPO
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- Oura says it is delaying its Nasdaq IPO due to uncertainty in the market, despite "strong demand" and a strengthening of its business since the process started (April Roach/CNBC)3 outlets
- Smart ring maker Oura files to go public4 outlets
- Revolut eyes valuation of up to $200B in eventual IPO3 outlets