00:00Oura is going public in a $2.2 billion IPO. It keeps almost none of it.
00:06Most of the stock comes from people who already own it. Existing holders are selling 36.5 million
00:14shares, compared with the company's 13.5 million. Oura receives none of the proceeds from those
00:22secondary shares. Forerunner Ventures is selling all 28,679,908 of its shares, taking its stake
00:32from 9.3% to zero. Bedford Ridge, by contrast, is selling none of its 28,510,954 shares.
00:43Even oura's portion mostly has a predetermined use. Of its estimated $532.6 million in net
00:53proceeds at the midpoint, $526.4 million is earmarked for restricted stock unit tax withholding,
01:01assuming the filing's 47.7% blended withholding rate. By our subtraction, that leaves just $6.2
01:10million for general corporate purposes. This IPO is much more about liquidity than funding
01:17expansion. Watch the full breakdown, tap the related video.
