Oura's $2. 2B IPO: A Cash Out Bonanza for Investors, But What About Growth? Oura, the maker of smart rings, is set to go public with an anticipated initial public offering (IPO) that could raise as much as $2.
2 billion at a proposed price range of $40 to $44 per share. However, beneath the surface, this deal looks more like a cash out bonanza for existing shareholders than a genuine fundraising event.
The IPO's dynamics are skewed in favor of current investors, who will be selling 36. 5 million shares out of a total offering of 50 million.