Oura Targets $3 Billion U.S. IPO at $16 Billion Valuation in September
Updated
Updated · TechCrunch · Aug 24
Oura Targets $3 Billion U.S. IPO at $16 Billion Valuation in September
3 articles · Updated · TechCrunch · Aug 24
Summary
Oura is preparing a U.S. IPO as soon as September that could raise up to $3 billion and let existing investors sell a large block of shares, Bloomberg reported.
The planned deal would value the smart-ring maker above $16 billion, up sharply from the $10.9 billion valuation it received in a $875 million Series E round last September.
That jump comes as Oura says revenue climbed from $500 million in 2024 to about $1 billion in 2025 and could approach $2 billion in 2026, with fuller details expected in its public S-1 filing.
The listing push arrives amid tougher competition in wearables from Samsung's Galaxy Ring and rival Whoop, which reached a $10 billion valuation in March after broadening beyond elite athletes.
Oura also faces a proposed class action in San Francisco accusing it of overstating sleep-tracking accuracy; the company says its sleep staging is not a medical device but is supported by independent studies.