According to the company's updated IPO filing, Oura and its shareholders are together offering 50 million shares at a price range of $40 to $44 each. But most of the IPO's proceeds will go to shareholders, who are offering 36.5 million shares, or almost two-thirds of the total. If the company lists at $42 per share, the midpoint of the price range, that would result in proceeds of about $1.53 billion for the shareholders and $567 million for the company, before fees and expenses. The bulk of that will go to Forerunner Ventures, the company's second-largest shareholder. The venture firm plans to sell its entire 9.3% stake of about 28.7 million shares for about $1.20 billion (assuming the shares list at $42) before underwriting fees and taxes. Forerunner's shares account for nearly 80% of the shares being sold by existing shareholders in the deal. Meanwhile, Oura doesn't look to be treating this IPO as a fundraising event. At the $42 midpoint, the company expects net proceeds of...
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