THE WHAT? Smart ring maker Oura and some of its existing investors are reportedly seeking to raise up to US$3 billion through a US initial public offering, which could value the health and wellness technology company at more than US$16 billion.
THE DETAILS Oura, which confidentially filed for an IPO in May, could list as early as September, with existing investors expected to sell a significant amount of stock as part of the offering. The company was valued at US$11 billion following an US$875 million Series E funding round in September 2025 and expects revenue to reach US$1.5 billion in 2026, triple the US$500 million generated in 2024. Oura had sold 5.5 million rings by September 2025 and is working with Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Co. and Jefferies on the proposed listing.
THE WHY? A potential US$16 billion-plus valuation highlights growing investor interest in wearable health and wellness technology, as biometric tracking increasingly intersects with personalised health, beauty and longevity and attracts competition from major technology groups.
Source: Bloomberg
