Oura Inc. Files for $2.2 Billion IPO in the US
Health-tracking smart ring maker Oura Inc. is planning a U.S. initial public offering (IPO) seeking to raise up to $2.2 billion by selling shares at prices between $40 and $44 each, according to its SEC filing. The company aims to issue 50 million total shares—13.5 million from the firm itself and 36.5 million from existing shareholders—which could value Oura at up to $14.1 billion if priced at the top of the range. Oura, founded in Finland in 2013, has seen growing demand for its wearable rings that track health metrics like heart rate, sleep quality, and activity levels. The company sold around 3.6 million smart rings last year and reported $1.21 billion in revenue over the nine months ending June 30, though it also recorded a net loss of $924.3 million during this period. The IPO comes amid strong investor interest in tech-driven health innovations and follows major listings like SpaceX’s record-breaking offering earlier this year.
Topics: health tech IPO smart devices