The smart ring maker is offering just 13.5 million shares directly, while early investors are selling another 36.5 million shares in an IPO valuing the company at around $15 or $16 billion, depending on final pricing. An amended S-1 filed with the SEC revealed an initial price range of $40.00 to $44.00 per share, and that underwriters have an option to buy up to 7.5 million additional shares from the sellers. At the midpoint, the company will gross about $533 million from the offering, which is expected to price and close ... Log in to view full article.