Find XO: Oura's IPO Raises Over 5 Billion Dollars, Mostly Used for Employee Stock Compensation Taxes (techcrunch.com)

- Oura announced in an amended securities registration statement that it will offer 5 million shares at 40 to 44 dollars per share. - Out of approximately 5 billion 3260 million dollars in net proceeds for the company, about 5 billion 2640 million dollars will be used for employee RSU withholding taxes, leaving only around 620 million dollars remaining. - For companies granting RSUs conditional on IPO rights vesting, they must calculate ahead of time where to secure the funds needed to pay taxes on the day of listing, before setting the offering price.