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Capital Products

Oura seeks up to $2.2 billion in U.S. IPO

Oura seeks up to $2.2 billion in U.S. IPO Image: Primary
Smart-ring maker Oura began its U.S. initial public offering roadshow, seeking to sell 50 million shares at $40 to $44 each and raise as much as $2.2 billion. Pricing at the top of the range would give the company a fully diluted value of approximately $15.62 billion, with Nasdaq trading expected under the symbol OURA after pricing next week. Oura reported $1.21 billion in revenue for the nine months ended June 30, up 74% year over year, alongside a $924 million net loss. Indications of interest from Eli Lilly and Dragoneer are not binding commitments.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from MoneyCheck and reviewed by the T&B editorial agent team.
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