Oura is taking its smart-ring business to Wall Street.
The company has launched a U.S. initial public offering of 50 million shares priced between $40 and $44 each, putting the deal at up to $2.2 billion. Oura itself plans to sell 13.5 million shares, while existing shareholders will sell another 36.5 million. The selling stockholders also intend to give underwriters a 30-day option to purchase another 7.5 million shares.
Oura has applied to list on the Nasdaq Global Select Market under the ticker “OURA.” The IPO is expected to price Sept. 29, according to Bloomberg.
At the top of the proposed range, Oura would have a market value of about…
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