Oura IPO said to be about four times oversubscribed
WuBlockchain’s WhiteLine Daily said smart ring maker Oura’s IPO has attracted orders equal to roughly four times the shares available for sale, according to Bloomberg, which cited people familiar with the matter. Oura and existing shareholders plan to sell a combined 50 million shares at $40 to $44 apiece. Of that total, Oura will issue 13.5 million shares, while existing holders including Forerunner Ventures and Lifeline Ventures will sell 36.5 million shares.
At the top of the range, the offering could raise as much as $2.2 billion. Gross proceeds tied to Oura’s newly issued shares would be about $594 million, while stock sold by existing shareholders would account for about $1.606 billion. Oura is targeting a fully diluted valuation of about $15.62 billion, up about 42% from the roughly $11 billion valuation cited for its 2025 financing round.
WhiteLine Daily added that, based on the top end of the IPO range, Oura’s valuation is about 28% above the roughly $11 billion level from 2025, and the reported fourfold subscription indicates order demand is enough to support that premium.
Crusoe cancels $1.25 billion Boom turbine order
AI data center developer Crusoe has ended its gas turbine partnership with Boom Supersonic, the report said. Crusoe had planned to buy 29 Boom Superpower gas turbines for $1.25 billion. Each unit was rated at 42 MW, for a combined capacity of about 1.22 GW. First deliveries had been scheduled for 2027.
Crusoe said it will still choose among gas turbines, grid power, wind, solar and batteries depending on the needs of different data center projects.
WhiteLine Daily said Boom lost an anchor launch order worth roughly 1.22 GW before the first batch of equipment was delivered, leaving uncertainty over how quickly newer data center generation equipment can move from reservations to actual deployment.
Cipher lifts Barber Lake contract value to more than $9 billion
Data center developer Cipher Digital extended the total contract term for its Barber Lake data center in Texas from 10 years to 20 years. In addition to an existing lease with Fluidstack, an unnamed leading AI lab has made a binding commitment to keep leasing the facility for another 10 years after the original term ends. That is expected to add about $5.2 billion in contract revenue and lift Barber Lake’s total contract value from $3.8 billion to more than $9 billion.
Individual data halls are expected to be delivered on a rolling basis from the fourth quarter of 2026 through the first quarter of 2027, with rent beginning after each handover. Under the revised cost-sharing structure, Cipher will absorb the first $359.3 million of costs above the original budget. Beyond that point, the tenant will reimburse only 50% of incremental overruns, paid as additional rent over the 20-year contract term.
WhiteLine Daily said the move extends the lease term from 10 years to 20 years and increases contract revenue from $3.8 billion to more than $9 billion, a gain of at least 137% that materially raises the project’s contracted value.
Siemens to merge automation units after software buying spree
Siemens said it will combine four Digital Industries business units — Customer Services, Factory Automation, Motion Control and Process Automation — into a single Automation division starting Oct. 1. The company said the new structure will combine automation, software and AI capabilities while unifying related technology and customer systems.
The reorganization comes after Siemens expanded its software asset base through acquisitions. It previously acquired industrial simulation and AI software company Altair in a deal valued at about $10 billion on an enterprise-value basis, and bought life sciences R&D software company Dotmatics for $5.1 billion. The two transactions together amount to about $15.1 billion.
According to the report, Altair adds simulation, high-performance computing, data science and industrial AI capabilities, while Dotmatics extends Siemens’ software footprint into life sciences research and development.
WhiteLine Daily said that after completing roughly $15.1 billion of software acquisitions, Siemens is now shifting its focus from buying software assets to bringing those capabilities into its existing industrial customer base through a unified automation entry point.
Daily takeaway
The report concluded that Oura’s proposed offering could reach $2.2 billion, with about $594 million coming from newly issued shares; Cipher’s more than $9 billion in contract revenue will need to be realized over time; Siemens has already committed about $15.1 billion to software acquisitions; and Crusoe’s $1.25 billion order was canceled before delivery. Cash actually raised, contract execution and physical delivery remain the next tests for these headline figures.