Oura Smart Ring Maker Files Confidentially for U.S. IPO
Oura, the Finnish maker of the Oura smart ring, has confidentially filed for an IPO with the U.S. SEC, aiming to list later this year. Valued at $11 billion after a $900 million Series E round, the company projects 2026 sales near $2 billion, with paid memberships exceeding 5 million. The IPO, managed by Goldman Sachs and others, reflects Oura’s expansion from hardware to AI-powered health subscriptions. The company recently moved its headquarters from Finland to San Francisco.
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Oura Launches Smallest Smart Ring Yet, Shrinking Design by 40%
Oura announced its new Ring 5 smart ring, claiming it is the smallest smart ring available on the market, with a 40% size reduction from the previous generation. The ring launches on June 4, starting at $399 for base finishes and $499 for premium finishes, alongside a $99 portable charging case. New health features include Health Radar for proactive tracking, blood pressure pattern monitoring during sleep, nighttime breathing disturbance detection, and AI-enabled care through a partnership with Counsel Health. The ring also adds live activity tracking for running and cycling, and a GLP-1 insights feature for weight-loss drug users. Oura recently filed confidentially for an IPO and has sold over 5.5 million rings since launch, with revenue doubling year-over-year. The company raised $900 million in Series E funding in October 2025, valuing it at $11 billion.
US Top News and AnalysisFinnish smart ring maker Oura plans IPO at over €9 billion as wearable market heats up
Oura, the Finnish company behind the Oura Ring health tracker, has confidentially filed for an IPO with the US SEC, targeting a valuation of over €9 billion ($11 billion). The company sold 5.5 million rings by Q3 2025 and projects $2 billion in annual revenue for 2026, up from $500 million two years prior. Oura has expanded from hardware into software subscriptions and AI-powered health analysis, focusing on sleep, heart rate, stress, and women's health. The company recently reincorporated as Oura Inc. in San Francisco to access US capital markets. Its Wall Street listing reflects a trend of European tech firms choosing US exchanges for deeper liquidity and investor visibility. The IPO is seen as a benchmark for the wearable technology sector, particularly the smart ring category.
Latest News From Euronews | Euronews RSSSmart ring maker Oura files for IPO in New York
Oura, the Finnish manufacturer of wearable health rings, has confidentially filed for an initial public offering (IPO) in New York with the US Securities and Exchange Commission. The company, valued at approximately $11 billion in October 2025, did not disclose the number of shares or price range. Oura produces smart rings that track biometric data such as sleep, health, and fitness. Early backers include Lifeline Ventures and Proxy Ventures, while Iconiq Capital and Fidelity Investments participated in later funding rounds. The company reported that its revenues doubled between 2023 and 2024 and projects another doubling in 2025, expecting to reach $1 billion in sales. CEO Tom Hale attributed Oura's success to heavy investment in R&D and data collection, creating a competitive moat through data quality, depth, accuracy, and frequency, which he says is key to AI applications.
SiftedSmart ring maker Oura files confidentially for US initial public offering
Finnish smart ring maker Oura Health Oy has filed confidential paperwork with the U.S. Securities and Exchange Commission for an initial public offering, aiming to list later this year. The company, valued at $11 billion after a $900 million Series E round led by Fidelity Management, expects paid membership to surpass 5 million this quarter. Revenue roughly doubled in 2025 to about $1 billion, with CEO Tom Hale projecting 2026 sales close to $2 billion. The Oura Ring 4 starts at $349 with a $5.99 monthly subscription. The IPO is being handled by Goldman Sachs, Morgan Stanley, JPMorgan Chase, Allen & Co., and Jefferies. Oura faces competition from Samsung's Galaxy Ring and cheaper rivals like RingConn and Ultrahuman. The company plans to use IPO proceeds for overseas growth and AI features. The confidential filing route, allowed under the JOBS Act, was also used by Reddit and CoreWeave.
SiliconANGLEOura Smart Ring Maker Files Confidentially for U.S. IPO
Oura, the maker of the Oura smart ring, has filed a draft IPO prospectus with the U.S. Securities and Exchange Commission, moving closer to a public listing. The company did not provide a timeline but aims for a debut later this year, with Goldman Sachs, Morgan Stanley, JPMorgan Chase, Allen & Co., and Jefferies managing the offering. Oura's valuation reached $11 billion after a $900 million Series E round in October 2025. CEO Tom Hale projected 2026 sales could approach $2 billion, following an estimated $1 billion in 2025 revenue. Paid membership is expected to exceed 5 million this quarter, quadrupling from two years ago, and cumulative ring sales have topped 5.5 million units. The company faces increasing competition from Apple, Samsung, Google, and Whoop. Oura recently moved its headquarters from Finland to San Francisco.
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