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The smart ring maker, on the other hand, plans to remain private for the time being. To appease investors, they’re planning to give shareholders a chance to move their shares at a 25% discount from last year’s Series E round (which valued the company at $11 billion). CEO Tom Hale assured Bloomberg that the company could theoretically go public (they are already profitable), but wants to remain private longer in order to maintain focus on building great #Gadgets, as opposed to managing their stock price.
https://www.bloomberg.com..
www.bloomberg.com
Smart Ring Maker Oura Said to Plan Tender Offer at 25% Discount
Oura Health Oy, the maker of popular smart rings, is working on a tender offer for existing investors at a discount to its latest funding round, according to people familiar with the matter, a move that will allow it to stay private for longer.