Coinbase pushes beyond crypto with retail access to $2.2 billion Oura IPO
Summary
Coinbase is offering eligible US customers access to IPO shares at the offer price through its brokerage service, starting with smart-ring maker Oura’s planned IPO. Oura is seeking to sell 50 million shares at $40–$44 each, implying a valuation of $2.0–$2.2 billion, though the allocation available to Coinbase customers is undisclosed. Customers can request shares, but allocations are not guaranteed and depend on supply and demand. Shares become tradable when public trading begins. Coinbase says customers who sell within 30 days may lose access to the program for 60 days, with repeated early sales potentially reducing future allocations. The launch expands Coinbase’s traditional brokerage offerings beyond digital assets.
