The Smart Ring Maker Oura Has Reportedly Filed For An IPO
The company is valued at approximately $11 billion.
Smart ring maker Oura has filed for an IPO with the U.S. Securities and Exchange Commission, according to Bloomberg. The company would work with Goldman Sachs, Morgan Stanley, JPMorgan Chase and other financial institutions to facilitate the transition from private to public. We don’t have a date on that yet, but an insider said Bloomberg expect the IPO later this year.
The company was founded in 2013 and currently has a valuation of around $11 billion, thanks in part to a recent funding round that raised $875 million. CEO Tom Hale said last year that Oura had sold 5.5 million rings so far. It also announced that it expects revenue to increase to $1.5 billion this year, triple what it made in 2024.
We’ve been generally positive about Oura and its various smart rings. We called the Ring 4 a “technological marvel” that “is ahead of its rivals.” The company manages to pack a lot of technology into its rings, despite the form factor’s inherent limitations.
Oura is just the latest tech company to file for an IPO. It has been reported that OpenAI could go public as soon as September and SpaceX just filed paperwork with the Securities and Exchange Committee to trade as SPCX on Nasdaq.
