Smart Ring Maker Oura Seeks Up to $3 Billion in IPO
Smart ring maker Oura is preparing for a US initial public offering as early as September, aiming to raise up to $3 billion. The move could value the company at more than $16 billion, a sharp increase from its $10.9 billion valuation during a Series E funding round last fall. Oura confidentially filed for the offering in May, supported by a paid subscriber base exceeding five million and 2024 sales of $500 million. Some investors are expected to sell a significant portion of their stock during the offering.
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- ✓ Oura is planning a US IPO to raise up to $3 billion.
- ✓ The planned IPO could value the company at more than $16 billion.
- ✓ Oura confidentially filed for a public offering in May.
- ✓ The company's paid subscriber base has surpassed five million.
What changed
Oura has targeted a September IPO date with a valuation exceeding $16 billion.
Live updates
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Oura Plans US IPO to Raise Up to $3 Billion
Smart ring maker Oura is preparing for a US initial public offering as early as September, aiming to raise up to $3 billion. The move could value the company at more than $16 billion, a sharp increase from its $10.9 billion valuation during a Series E funding round last fall. Oura confidentially filed for the offering in May, supported by a paid subscriber base exceeding five million and 2024 sales of $500 million. Some investors are expected to sell a significant portion of their stock during the offering.
Why it matters
The IPO follows a period of growth for Oura, which currently produces the Oura Ring 5. The company faces a new class-action lawsuit alleging its sleep tracking relies on AI estimates rather than clinical measurements. This legal challenge emerges as Oura seeks a high valuation in a competitive wearable health market.
What is confirmed
- Oura is planning a US IPO to raise up to $3 billion.
- The planned IPO could value the company at more than $16 billion.
- Oura confidentially filed for a public offering in May.
- The company's paid subscriber base has surpassed five million.
- Oura reported 2024 sales of $500 million.
- Oura is facing a class-action lawsuit regarding the accuracy of its sleep tracking.
Still unconfirmed
- The IPO may occur specifically in September.
- Investors are expected to sell a significant portion of stock in the offering.
- The company's valuation was $10.9 billion during its Series E funding round last fall.
What to watch next
- Official SEC filing for the IPO
- Court rulings or settlements regarding the sleep tracking class-action lawsuit
- Confirmation of the final IPO valuation and date
confidence 90%Sources used for this update (21)
- TechCrunch — Oura is reportedly eyeing a September IPO that could value it at more than $16B
- Bloomberg — Smart Ring Maker Oura Seeks Up to $3 Billion in IPO
- WSJ — Oura and Dunkin’ Get Ready to Join IPO Bonanza
- Investing.com — Oura targets up to $3B in US IPO at a valuation exceeding $16B - Bloomberg
- WEEX — A Ring Sold for $16 Billion, Oura Prepares for IPO in the U.S.
- WDIO.com — Tech Bytes: Oura is expected to go public
- www.briefs.co — Smart Ring Maker Oura Reportedly Heads for U.S. IPO Next Month at $16 Billion Valuation
- americanbazaaronline.com — Oura targets $3 billion valuation in planned IPO
- www.whalesbook.com — Oura Health Targets $16 Billion Valuation in Upcoming US IPO
- www.swissinfo.ch — Global Stocks Rise as Bitcoin Pushes Past $80,000: Markets Wrap
- www.briefs.co — A Special Bank Offer Pulled $73 Billion Into India in 11 Weeks
- Crypto Briefing — European stock exchanges struggle to attract key IPOs amid US competition
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