Oura IPO raises 500 million dollars, mostly allocated for employee stock compensation taxes(techcrunch.com)
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Plain summary
- Oura announced in a revised securities registration statement it will offer 50 million shares at a price range of 40 to 44 dollars per share.
- Of the company's net proceeds of approximately $532.6 million, $526.4 million will be used for employee RSU withholding taxes, leaving only about 6.2 million dollars remaining.
- For companies granting RSUs that vest on IPO conditions, they must calculate how to secure funds for taxes on that day before deciding on the offering price.
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