Smart ring manufacturer Oura has attracted subscription demand approximately four times its offering size ahead of its initial public offering. The company plans to issue 50 million shares at a price range of $40 to $44 per share, with pricing expected on September 29 and trading set to begin on Nasdaq under the ticker OURA. At the top of the indicated range, the valuation could reach $14.1 billion.
Crypto exchanges have moved quickly to offer exposure to the listing. Binance has launched OURASDT pre-IPO perpetual contracts, while Coinbase has opened access for users to subscribe to IPO shares, signaling strong crossover interest between traditional equity markets and digital asset platforms.
Oura IPO Draws 4x Oversubscription Ahead of Nasdaq Listing
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