Coinbase and Valor: new initiatives in the financial markets

Two new windows on the financial markets. Coinbase now allows its US retail customers to request shares at the IPO price, before their first listing. The manufacturer of connected rings Oura is inaugurating the device. At the same time, Valour, a subsidiary of DeFi Technologies, is launching its first crypto hedge fund, whose strategy is based on artificial intelligence models from Neuronomics.

Key Points

Coinbase allows its US retail customers to subscribe for shares at the IPO price.

Oura is offering 50 million shares at $40 to $44.

Requests may be fully or partially served, or even refused.

Valor creates a fund structure in the Cayman Islands and launches a first crypto compartment.

Coinbase distributes Oura shares before they arrive on Nasdaq

Coinbase allows its eligible US users to request an allocation of shares at the IPO price, before trading begins. The first operation concerns Oura, the Finnish manufacturer of connected rings dedicated to sleep and health monitoring.

Oura and some of its shareholders are offering 50 million shares at between $40 and $44. The operation could reach $2.2 billion and value the company up to $15.62 billion. The company issues 13.5 million shares itself, while existing shareholders sell 36.5 million. Oura earned $1.21 billion in revenue for the nine months ended June 2026, up 74% year-over-year. The stock is to join the Nasdaq under the symbol OURA.

Access offered by Coinbase does not guarantee any action. Requests may be fulfilled in full, partially or not at all. Resale during the first 30 days may also result in exclusion from subsequent transactions for 60 days.

The service is through Coinbase Capital Markets, a FINRA-registered broker-dealer. This subsidiary transmits the orders to Apex Clearing, but does not itself subscribe to the operations.

Circle had illustrated the interest of these allocations in June 2025. Fixed at $31, the action of the USDC issuer opened at $69 before closing its first session at $83.23.

Valor entrusts its first crypto hedge fund to Neuronomics

Meanwhile, Valor has just formed Valor Funds SPC in the Cayman Islands. This Segregated Portfolio Company can accommodate several investment compartments while separating their assets and liabilities.

Its first compartment, Smart Crypto Fund SP, is reserved for professional and qualified investors. It combines Valor's infrastructure with a strategy designed and managed by Neuronomics, a Swiss manager approved by FINMA. DeFi Technologies owns a minority stake in this company.

Neuronomics models analyze prices, volumes and different market data. Their signals are used to select liquid cryptoassets, adjust positions and reduce exposure when risk increases. Artificial intelligence therefore assists management without replacing the manager.