Oura seeks to raise $2.2 billion in IPO with most proceeds going to existing shareholders
Smart ring maker Oura has launched its U.S. initial public offering targeting a valuation of up to $15.62 billion, but the company will receive little to none of the $2.2 billion raised as existing investors sell their shares. The Finnish health and fitness wearables company is offering 50 million shares priced between $40 and $44 each.