techcrunch.com
Oura’s $2.2B IPO is mostly a payday for existing shareholders
Smart ring maker Oura filed to sell up to 50 million shares at $40‑$44 in its upcoming IPO, but the bulk of the proceeds will flow to existing investors rather than the company. Shareholders will offer 36.5 million shares—about two‑thirds of the total—generating roughly $1.53 billion at the midpoint price of $42, while Oura itself will raise about $567 million. Venture firm Forerunner Ventures, Oura’s second‑largest backer, plans to sell its entire 9.3% stake (≈28.7 million shares) for roughly $1.20 billion, accounting for [...]