Tech & Science
Oura confidentially files for IPO
Finnish smart ring company Oura said it confidentially submitted a Form S-1 to the U.S. Securities and Exchange Commission in preparation for an IPO.
On Thursday, Finnish smart ring company Oura said it had confidentially submitted a Form S-1 to the U.S. Securities and Exchange Commission in preparation for an IPO.
Founded in 2015, Oura has become one of the most popular wearable health trackers. It has set itself apart from Fitbit, Garmin and Apple’s watch-like products with a sleek, unobtrusive ring.
The Oura ring tracks activity, sleep and daily “readiness,” among other health metrics, and it now has customers around the world. At the time of its Series E last September, Oura said it had sold 5.5 million rings to date, up sharply from the 2.5 million figure it had reported the prior year.
That Series E brought in $875 million at a valuation of $11 billion, more than double the $5 billion price tag it had earned in a prior round in 2024.
The company recently introduced a proprietary AI model geared toward women’s health in an effort to cater to its growing base of women customers.
