Oura Seeks $2.2 Billion in IPO: Payday for Investors and the Tax Authorities
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Oura launched its initial public offering on the Nasdaq, offering 50 million shares from both the company and existing shareholders. The deal is sized at up to $2.2 billion with a $40 to $44 price range, and Forerunner Ventures is selling its full 9.3% stake of about 28.7 million shares. The IPO will raise capital while also being used to cover about $526.4 million of listing-related tax obligations, leaving the company’s cash largely unchanged.