Oura, the smart ring maker, plans to raise up to $2.2 billion in its IPO by offering 50 million shares priced between $40 and $44. However, nearly two-thirds of the shares sold are from existing shareholders, mainly Forerunner Ventures, who will gain about $1.2 billion, while the company itself will net around $567 million before fees. Most of Oura's proceeds will be used to pay off tax obligations related to employee share grants, leaving only about $6.2 million for general use. The IPO primarily serves as an exit for early investors rather than a major fundraising event, while Oura continues to grow rapidly, especially in its profitable subscription business, which now accounts for 20% of revenue.
Oura's $2.2 billion IPO is the subject here, provided as context for readers. For those following the Technology sector, Pluang data as of Sep 21, 2026 23:33 WIB shows 129 of 150 US tech stocks rose today. Notably, AXTI gained 12.94% to USD 79.09 with a typical hold time of 16 days, AKAM increased 10.82% to USD 115.83 with 48 days typical hold, and VNET rose 10.28% to USD 7.19 with a 15-day hold time.
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