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Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
Eligible U.S. customers can request allocations through the Coinbase app, and the company said its method will favor investors likely to hold shares.
- On Monday, Coinbase opened initial public offering access to eligible United States retail customers, beginning with the $2.2 billion public offering of smart-ring maker Oura.
- Oura plans to list on Nasdaq under the ticker OURA, with Goldman Sachs, Morgan Stanley, and JPMorgan serving as lead underwriters, advancing Coinbase's 'Everything Exchange' strategy.
- After completing a FINRA questionnaire, eligible customers can request allocations through the Coinbase mobile application. Coinbase Capital Markets acts as an agent, routing requests to Apex Clearing Corporation while prioritizing long-term investors.
- Following the announcement, COIN shares rose more than 5% on Monday to approximately $54.1 billion market capitalization. The company intends to offer additional IPOs as its broker-dealer receives allocations from future selling groups.
- The firm has also submitted registrations to the SEC and Commodity Futures Trading Commission for single-stock perpetual contracts. Unlike this IPO service, Coinbase's planned derivatives for OpenAI and Anthropic provide price exposure without ownership.
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Total News Sources37
Leaning Left0Leaning Right1Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
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