Oura is reportedly eyeing a September IPO that could value it at more than $16B
The smart ring maker plans to raise up to $3 billion, and existing shareholders are expected to sell a large portion of the shares.
- On Monday, Bloomberg reported that Oura, the Finland-based smart ring maker, plans to raise up to $3 billion in a United States IPO next month, targeting a valuation exceeding $16 billion.
- The $16 billion valuation marks a sharp increase from the $10.9 billion Oura reached last September, driven by growth in sleep and recovery tracking that has taken market share from the Apple Watch.
- Competition has intensified as Galaxy Ring entered the market and Whoop, valued at $10.1 billion, signaled IPO ambitions; Oura's backers include Fidelity, ICONIQ, Whale Rock, Atreides, Dexcom, and Coatue.
- A significant portion of the offering involves existing shareholders selling stock, making this IPO partly a liquidity event for early backers; the company has not yet officially confirmed the listing.
- Oura continues defending its market position by suing rival ring maker Ultrahuman, while investors assess how the company balances wellness insights with potential clinical claims—a critical factor for valuation sustainability.
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Oura is seeking up to $3bn in an IPO that would value it above $16bn
Oura is targeting a September listing that would raise up to $3bn and value the smart ring maker at more than $16bn, according to Bloomberg, several months after the Finnish company filed confidentially for a US IPO. The mark would be a sharp step up from the $10.9bn valuation it carried last September, in a […] This story continues at The Next Web
Oura seeks to go public amid challenges to the credibility of its health data. CEO defends against class action lawsuit.
Smart ring manufacturer Oura is pursuing plans to raise up to $3 billion (approximately 4.1 trillion won) through an initial public offering (IPO). According to Bloomberg on the 25th (local time), Oura is considering listing on the stock market as early as next month to be valued at over $16 billion (approximately 22.1 trillion won). This is about 45% higher than the $11 billion valuation during its investment round last October.
TechCrunch
Oura is reportedly eyeing a September IPO that could value it at more than $16B
We all knew it was coming. The expected valuation may surprise, though.
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