Smart ring manufacturer Oura (OURA.US) sets IPO price at $40-44 per share, aiming to raise $2.1 billions

智通财经APP reports that smart ring manufacturer Oura (OURA.US) announced its $2.1 billion IPO terms on Monday. The company sells smart rings and personalized health insights subscription services. Based in San Francisco, California, Oura plans to issue 50 million shares, 73% of which are existing shares, with an offering price range of $40 to $44 per share. Cornerstone investors Eli Lilly and Dragoneer Investment Group have indicated their intention to subscribe for $400 million, accounting for 19% of the total offering size. Based on the midpoint of the offering price range, Oura's fully diluted market capitalization is approximately $14.9 billion.