Oura Health and some of its backers are seeking to raise up to $3 billion in a US initial public offering, Bloomberg reported. The listing could value the smart-ring maker at more than $16 billion and arrive as soon as September, with existing investors selling a significant stake.
Oura Health and some of its backers are seeking to raise as much as $3 billion in a US initial public offering, Bloomberg reported. The offering could take place as soon as September and value the smart-ring maker at more than $16 billion, according to people familiar with the matter.
Existing investors are expected to sell a significant amount of stock in the deal. Oura confidentially filed for an IPO in May and is working with Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Co. and Jefferies on the listing, though the plans remain subject to change.
Last year, Oura reached an $11 billion valuation after raising $875 million in Series E funding. The company expects 2026 revenue of $1.5 billion, up from $500 million in 2024.
Source: Crypto Briefing
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