Oura Announces $2.2 Billion Nasdaq IPO
Finnish health-tracking ring company Oura has announced plans to raise up to $2.2 billion through an initial public offering (IPO) on the Nasdaq Global Select Market under the ticker symbol OURA. The IPO includes a share price range of $40–$44 per share, with 50 million shares offered—13.5 million from Oura and 36.5 million from existing shareholders. At the top end of its pricing range, the offering could value the company at up to $14.1 billion. Oura reported revenue of $1.21 billion for the nine months ending in June, a significant increase compared to the same period last year. The firm has over five million paying members and sold 3.6 million smart rings in the past year. Notable institutional interest includes Eli Lilly committing up to $100 million and Dragoneer up to $300 million. The IPO valuation marks a substantial increase from Oura’s previous Series E funding round, where it was valued at around $11 billion in 2025.
Tickers: $LLY
Topics: Financing Health Tech IPO