Smart ring maker Oura is looking to raise as much as $2.2 billion in its upcoming IPO, but it looks like its current investors will be the ones making money in the process.
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.
Forerunner first invested in Oura in the company’s 2020 $28 million Series B round, according to PitchBook.
The company was valued at about $11 billion in October 2025, when it raised $900 million in a round that was led by Fidelity and saw participation from ICONIQ, Whale Rock, and Atreides.
4 sentences from our version of the report,
chosen to cover it. Nothing here is written; every line is in the article below.
How
Headline check
The one thing this headline claims is in the report.
Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. One claim in this headline could be checked, so this is a narrow pass and not a thorough one. How this is checked
library pictureNot from this story. A library photograph of
stock market trading screens, used to illustrate it.
Manns' superior seeds (15767599714)
Henry G. Gilbert Nursery and Seed Trade Catalog Collection.; J. Manns & Co. / Wikimedia Commons, CC BY
The article, shortened and in plain language
Smart ring maker Oura is looking to raise as much as $2.2 billion in its upcoming IPO, but it looks like its current investors will be the ones making money in the process.
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.
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 venture firm plans to sell its entire 9.3% stake of about 28.7 million shares for about $1.20 billion before underwriting fees and taxes.
Forerunner first invested in Oura in the company’s 2020 $28 million Series B round, according to PitchBook.
At the $42 midpoint, the company expects net proceeds of $532.6 million, and plans to use about $526.4 million to pay off accumulated tax obligations related to employee share grants that will vest at the time of the IPO.
The company was valued at about $11 billion in October 2025, when it raised $900 million in a round that was led by Fidelity and saw participation from ICONIQ, Whale Rock, and Atreides.
Shortened to 1 minute
of reading, this version reads 10 on the Niral Score.
You are reading our version, not theirs.
This is TechCrunch's report shortened to its most important sentences, in plainer words, with
verdicts and loaded words taken out. Plain description stays, and so do adjectives
that carry a fact, such as "former" or "federal". The reporting, the facts and the quotations
are theirs — quotations are never edited — and the indicators beside it measure
this version. Hover or tap Adjectives to see every one left in the text.
How this outlet filed it, and how we rewrote it
No other newsroom we read has filed on this event, so there is nothing to compare it with yet.
Readers can ask a question about this story here.
Questions and answers are for subscribers.
Sign in
to read them.
Comments are read before they appear where anything in them needs a person to look.
Nothing posted here is ever deleted; a comment taken down keeps its text and the reason,
so the decision can be looked at again. How this works
