Oura IPO Draws Heavy Investor Demand Ahead Of Nasdaq Debut – Channelnews
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4 Articles
Oura IPO Draws Heavy Investor Demand Ahead Of Nasdaq Debut – channelnews
Smart ring maker Oura is seeing strong investor interest ahead of its planned Nasdaq debut, with orders for its initial public offering reportedly running at around four times the number of shares available. Oura and its existing shareholders are offering 50 million shares priced between approximately A$57 and A$62 each, putting the potential value of the IPO at up to around A$3.1 billion. The company itself plans to sell 13.5 million shares, wh…
Oura raises $533 million in the IPO, almost all of which will be used to pay taxes on employee stock incentives, while the old owners sell their shares. The unusual listing raises the question of what a growth company aiming to be worth around $14 billion is actually looking for on the stock exchange. Arvopaperi reviewed the IPO prospectus and asked Heikki Urpelainen, a portfolio manager who follows the healthcare sector, whether the share is a …
Oura's 4x-Oversubscribed IPO Looks Like Hype, Not a Verdict on Wearables
Oura's (OURA) initial public offering has drawn about four times more orders than shares on offer. Pricing is set for Tuesday. That demand has already pushed pricing toward the top of its range. The rush follows a thin run of billion-dollar listings this year, raising doubts about what is really...
The share offering and sale of smart ring company Oura and its shareholders in connection with their IPO has been oversubscribed fourfold, Bloomberg reports, citing sources. Subscriptions will be accepted until Monday. ... Read more
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