Smart Ring Maker Oura Files Confidentially To Go Public—Joining SpaceX And OpenAI In Surging 2026 IPO Pipeline
Key takeaways
- The company plans to list later this year with Goldman Sachs, Morgan Stanley, JPMorgan Chase, Allen & Co. and Jefferies working on the deal, according to a person familiar with the matter cited by Bloomberg.
- A successful debut would make Oura the largest consumer-wearables IPO since Peloton's 2019 listing at a $8.1 billion valuation and Fitbit's 2015 debut, which valued the company at roughly $4.1 billion.
- Oura reached an $11 billion valuation last September after raising $875 million.
Topline Oura Health, the maker of the Oura smart ring, has confidentially filed paperwork with the Securities and Exchange Commission for a proposed initial public offering, the company said Thursday, joining a 2026 IPO filing wave this week that already includes Space X's blockbuster prospectus released Wednesday and an imminent confidential filing from Open AI.
VIGO, SPAIN - Detail of the Oura Ring on the hand of Pau Victor of FC Barcelona during the warmup prior to the La Liga match between RC Celta de Vigo and FC Barcelona at Estadio Balaidos on November 23, 2024 in Vigo, Spain. (Photo by Octavio Passos/Getty Images)Getty ImagesKey FactsOura did not disclose the number of shares or price range for the offering, both customary at the confidential stage.
The company plans to list later this year with Goldman Sachs, Morgan Stanley, JPMorgan Chase, Allen & Co. and Jefferies working on the deal, according to a person familiar with the matter cited by Bloomberg.