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Oura ring maker files confidentially to go public in US

  • On Thursday, Oura Health, the maker of the Oura smart ring, confidentially filed paperwork with the Securities and Exchange Commission for a proposed initial public offering.
  • This filing joins a 2026 IPO wave that includes SpaceX's blockbuster prospectus released Wednesday and an imminent confidential filing from OpenAI.
  • Valued at $11 billion in September after raising $875 million, Oura has sold over 5.5 million rings since its 2013 launch.
  • CEO Tom Hale announced expectations for 2026 revenue to hit $1.5 billion, driven by investments in artificial intelligence and international expansion.
  • Investor appetite remains "decent on the back of recent health-tech listings," said Lukas Muehlbauer, research associate at IPOX, though Oura faces competition from Samsung and Apple.
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Forbes broke the news in United States on Thursday, May 21, 2026.
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