Oura seeks up to $2.2B in US IPO

Oura is seeking to raise as much as $2.2 billion through a US initial public offering, which would value the smart ring maker at up to $14.1 billion. According its latest filing with the US Securities and Exchange Commission (SEC), Oura and existing shareholders plan to sell 50 million shares priced at $40 to $44 each. The company will issue 13.5 million shares, with selling shareholders offering the remaining 36.5 million. The filing shows Oura would receive proceeds from its own share sale, while it will not receive any proceeds from shares sold by existing shareholders. The company has applied to list its common stock on the Nasdaq under the ticker OURA. Goldman Sachs, Morgan Stanley and J.P. Morgan are leading the offering. Oura confidentially submitted a draft registration statement to the US SEC in May, without disclosing the size or pricing of the proposed listing. At the time, the company was valued at about $11 billion after raising $875 million in an October 2025 funding round. In its latest filing, Oura revealed its revenue rose 74% year-on-year to $1.2 billion in the nine months ending 30 June. Yet, the company also posted a $924.3 million net loss attributable to stockholders, compared with a $182.8 million loss in the same period a year earlier. The company sold about 3.6 million smart rings over the past year and had more than 5 million paid subscription members as of 30 June. Its rings track wellness metrics including heart rate, sleep and physical activity through a connected app. Founded in 2013, Oura has offices in Finland and the US. The post Oura seeks up to $2.2B in US IPO appeared first on Mobile World Live .