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BusinessQuiet 6d · day 6

Oura launches IPO roadshow targeting $15.62 billion valuation

The smart ring maker aims to raise up to $2.2 billion, a key early test of fall IPO appetite amid volatile markets.

newest coverage 6d agosummary written 6d ago3 pieces NewswiresMastodon

What to know

  • Oura's IPO, targeting a $15.62 billion valuation, is being watched as an early test of investor appetite for consumer tech listings this fall.
  • The offering comes amid market jitters over the AI trade, rising bond yields and Federal Reserve rate moves.
  • Revenue grew about 74% year-over-year to $1.21 billion for the nine months ended June 30, and valuation has risen from roughly $11 billion a year ago.
  • Eli Lilly and Dragoneer have signaled interest in buying significant blocks of shares; Goldman Sachs, Morgan Stanley and J.P. Morgan are lead underwriters.

“However, a weaker IPO might set alarm bells ringing that market sentiment may be turning.”

Samuel Kerr, Global head of equity capital markets, Mergermarket · Yahoo Finance / Reuters ↗ · Sep 20

Oura Smart ring maker going publicSamuel Kerr Global head of equity capital markets, MergermarketEli LillyEli Lilly Prospective cornerstone investorDragoneer Investment firm and prospective investor

Oura launches IPO roadshow targeting $15.62 billion valuation
ctvnews.ca

How it unfolded 3 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in two hours at Sep 21, 8 AM; 3 pieces over 6 days (2 articles · 1 post) Sep 21, 6 AM — 1 piece · 1 article — Newswires 1Sep 21, 8 AM — 2 pieces · 1 article · 1 post — Newswires 1, Mastodon 1Sep 21, 10 AM — quietSep 21, 12 PM — quietSep 21, 2 PM — quietSep 21, 4 PM — quietSep 21, 6 PM — quietSep 21, 8 PM — quietSep 21, 10 PM — quietSep 22, 12 AM — quietSep 22, 2 AM — quietSep 22, 4 AM — quietSep 22, 6 AM — quietSep 22, 8 AM — quietSep 22, 10 AM — quietSep 22, 12 PM — quietSep 22, 2 PM — quietSep 22, 4 PM — quietSep 22, 6 PM — quietSep 22, 8 PM — quietSep 22, 10 PM — quietSep 23, 12 AM — quietSep 23, 2 AM — quietSep 23, 4 AM — quietSep 23, 6 AM — quietSep 23, 8 AM — quietSep 23, 10 AM — quietSep 23, 12 PM — quietSep 23, 2 PM — quietSep 23, 4 PM — quietSep 23, 6 PM — quietSep 23, 8 PM — quietSep 23, 10 PM — quietSep 24, 12 AM — quietSep 24, 2 AM — quietSep 24, 4 AM — quietSep 24, 6 AM — quietSep 24, 8 AM — quietSep 24, 10 AM — quietSep 24, 12 PM — quietSep 24, 2 PM — quietSep 24, 4 PM — quietSep 24, 6 PM — quietSep 24, 8 PM — quietSep 24, 10 PM — quietSep 25, 12 AM — quietSep 25, 2 AM — quietSep 25, 4 AM — quietSep 25, 6 AM — quietSep 25, 8 AM — quietSep 25, 10 AM — quietSep 25, 12 PM — quietSep 25, 2 PM — quietSep 25, 4 PM — quietSep 25, 6 PM — quietSep 25, 8 PM — quietSep 25, 10 PM — quietYesterday, 12 AM — quietYesterday, 2 AM — quietYesterday, 4 AM — quietYesterday, 6 AM — quietYesterday, 8 AM — quietYesterday, 10 AM — quietYesterday, 12 PM — quietYesterday, 2 PM — quietYesterday, 4 PM — quietYesterday, 6 PM — quietYesterday, 8 PM — quietYesterday, 10 PM — quietToday, 12 AM — quietToday, 2 AM — quietToday, 4 AM — quietToday, 6 AM — quietToday, 8 AM — quietToday, 10 AM — quietToday, 12 PM — quietToday, 2 PM — quiet 1–3
Sep 22Sep 23Sep 24Sep 25yesterdaynow · 4:55 PM ET
  1. 3

    Coverage of the roadshow spreads across outlets

    Reuters' report on the IPO target was picked up and republished by other outlets including CTV News, amplifying the story beyond the initial wire report.

  2. 1

    Eli Lilly, Dragoneer signal interest in buying shares

    Weight-loss drugmaker Eli Lilly has indicated interest in purchasing up to $100 million of the offered shares, while investment firm Dragoneer has indicated interest in buying up to $300 million worth.

    “Oura is the first real test of US appetite after a sluggish September so far and a period of more volatile markets. If it comes strongly out the gate it will encourage other issuers.”
    — Samuel Kerr, Global head of equity capital markets, Mergermarket · source
  3. 2

    Oura kicks off roadshow targeting $15.62 billion valuation

    Oura and some existing investors plan to sell 50 million shares at $40–$44 each, raising up to $2.2 billion, as the company seeks a fully diluted valuation of $15.62 billion, up from about $11 billion in a late-stage funding round last year.

    1. 2 outlets Oura targets $15.62 billion valuation in US IPO, setting stage for fall listings

      first by Yahoo Finance, 6d ago · also Reuters