Smart ring manufacturer Oura will go public

SpaceX It may have stolen the show with its IPO prospectus, but Elon Musk’s aviation data center and artificial intelligence company wasn’t the only high-profile company to file for an IPO this week. On Thursday, the Finnish smart ring company Ora He said It confidentially filed a Form S-1 with the U.S. Securities and Exchange Commission in preparation for its IPO.

Founded in 2015, Oura has emerged as one of the most popular wearable health trackers, standing out from similar watch products from Fitbit, Garmin, and Apple with its sleek, unobtrusive ring.

Oura Ring tracks activity, sleep, and daily “readiness,” among other health metrics, and today it has customers all over the world. At the time of Series E last September, Oura said it had sold 5.5 million rings to date, a sharp jump from the 2.5 million it announced the year before.

That E Series saw Oura raised $875 million At a valuation of $11 billion, more than double the $5 billion price tag it earned in a previous round in 2024.

The company recently introduced a special AI model geared towards… Women’s health In an effort to meet its growing base of Clients are women.