Oura Files for $2.2B IPO, with Most Proceeds Going to Existing Investors

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Finnish smart ring maker Oura has filed for an IPO valued at approximately $2.2 billion. According to the latest IPO filing, early backer Forerunner Ventures plans to offload its entire stake in the company, potentially netting up to $1.26 billion. This means the bulk of the IPO proceeds will flow to existing shareholders rather than into the company itself. Such secondary-heavy offerings are common when early investors seek to cash out after years of backing a startup.

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