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Oura targets $2.2B in US listing for smart rings
Oura, the Finnish maker of health-tracking smart rings, plans to raise up to $2.2 billion in an initial public offering, according to a Monday filing with the U.S. Securities and Exchange Commission. An IPO at that price would value the company — which has sold millions of rings and counts over five million paying subscribers — as high as $14.1 billion. Despite growing revenue, Oura's losses surpassed $900 million in the last year. Its Nasdaq listing is seen as a test of investor appetite for wearables.
Oura is preparing for one of the biggest consumer technology IPOs of the year, with the Finnish smart-ring maker and its shareholders seeking to raise as much as $2.2 billion in a U.S. offering. The listing will give public-market investors a chance to bet...
