Business & Finance
Oura reportedly targets September IPO with valuation exceeding $16 billion
The smart ring maker is reportedly aiming to raise up to $3 billion in a U.S. public offering as competition in the wearables sector intensifies.
The short version
- Oura is reportedly preparing for a U.S. initial public offering as soon as September, seeking to raise up to $3 billion.
- The prospective listing could value the smart ring maker at more than $16 billion, up from $10.9 billion during its September Series E funding round.
- Existing investors are expected to sell a significant share of stock during the offering.
Key facts
- Oura reportedly plans to raise up to $3 billion in a U.S. IPO as early as September, which could value the company at over $16 billion.[TechCrunch]
- Oura confidentially submitted IPO paperwork in May.[TechCrunch]
- The company was valued at $10.9 billion in September following an $875 million Series E funding round.[TechCrunch]
- Oura employs more than 900 people and maintains offices in San Francisco and Finland.[TechCrunch]
What remains uncertain
- The final timing, target fundraising amount, and market valuation of the IPO remain unconfirmed by Oura.[TechCrunch]