Oura HealthPrivate▲ Positive
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Oura filed for a US IPO expected to raise up to $3 billion at a valuation above $16 billion.
Oura, the maker of smart health-tracking rings, has filed for an initial public offering (IPO) on the US stock market following a surge in revenue, with the listing potentially raising up to $3 billion and pushing the company's valuation above $16 billion. The company submitted its filing to the US Securities and Exchange Commission (SEC) on Thursday (September 3), and its shares are expected to trade on the Nasdaq Global Select Market under the ticker "OURA." The filing shows that the company generated revenue of $1.21 billion in the nine months ended June 30, 2026, up from $697.6 million in the same period a year earlier. Meanwhile, its net loss widened to $924.3 million from $182.8 million, impacted by dividends paid to certain holders of redeemable convertible preferred shares. The company has sold more than 3.6 million smart rings over the past 12 months and earns revenue from its Oura Membership service, which provides access to over 50 health metrics. Founded in 2013, Oura has gained popularity as consumers seek compact health trackers that require less frequent charging than smartwatches.
Oura filed for a US IPO expected to raise up to $3 billion at a valuation above $16 billion.