Oura Smart Ring Eyes $16 Billion IPO as U.S. Market Hits Record Highs

TLDR

• Oura is planning a September or October IPO targeting a valuation above $16 billion, up from $10.9 billion last year
• The company reported $500 million in revenue in 2024, $1 billion in 2025, and expects $2 billion in 2026
• The U.S. IPO market has raised $137 billion in traditional offerings so far this year, on track for a record
• Anthropic could raise up to $100 billion in its expected IPO, which would shatter the 2021 record of $156 billion
• Oura faces a class action lawsuit alleging it misled consumers about the accuracy of its sleep tracking features

Oura, the Finnish smart ring maker, is eyeing a September or October IPO that could value the company at more than $16 billion. That would be a jump from the $10.9 billion valuation it received last September after closing an $875 million Series E round.

Oura is reportedly looking to raise up to $3B in an IPO at a $16B+ valuation. The smart ring maker could go public as soon as September, per Bloomberg.

This is pretty interesting. Valuation is a bit excessive, but this might be a play to gain exposure to wearables outside of… pic.twitter.com/i6HTJPrdiJ

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