The smart ring maker Oura has reportedly filed for an IPO
Key takeaways
- The company is valued at around $11 billion.
- Oura The smart ring maker Oura has filed with the US Securities and Exchange Commission for an IPO, according to Bloomberg.
- The company was founded in 2013 and currently boasts a valuation of around $11 billion, thanks in part to a recent funding round that raised $875 million.
The company is valued at around $11 billion.
Oura The smart ring maker Oura has filed with the US Securities and Exchange Commission for an IPO, according to Bloomberg. The company is reportedly working with Goldman Sachs, Morgan Stanley, JPMorgan Chase and other financial institutions to help with the transition from private to public. We don't have a date on this yet, but an insider told Bloomberg to expect the IPO later this year.
The company was founded in 2013 and currently boasts 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. He also announced expectations for revenue to increase to $1.5 billion this year, which would triple what it made in 2024.