Oura Inc., the maker of health and fitness smart rings, and some of its investors are seeking to raise as much as $2.2 billion through an initial public offering, according to Bloomberg. A filing submitted by the company to the U.S. Securities and Exchange Commission on Monday shows that Oura plans to offer 50 million shares at a price range of $40 to $44 each. Within that total, Oura will sell 13.5 million shares, while existing shareholders will sell 36.5 million shares. The filing lays out the proposed size and structure of the offering and shows that both the company and current investors are participating in the share sale.
Oura Inc., the maker of health and fitness smart rings, and some of its investors are seeking to raise as much as $2.2 billion through an initial public offering, according to Bloomberg.
A filing the company submitted to the U.S. Securities and Exchange Commission on Monday shows that Oura plans to offer 50 million shares at a price range of $40 to $44 each.
Of that total, Oura will sell 13.5 million shares, while its shareholders will sell 36.5 million shares.
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