Oura's $2.2 Billion IPO Primarily Benefits Existing Shareholders

Oura and selling shareholders plan to offer 50 million shares at $40-$44 in a planned IPO, seeking up to $2.2 billion. Existing holders account for 36.5 million shares. At the $42 midpoint, they would receive about $1.53 billion before fees, versus about $567 million for Oura, making the listing primarily secondary liquidity.