Health-tracking smart ring maker Oura to list on US stock market
Health-tracking wearable company Oura is preparing for an initial public offering on the Nasdaq exchange. The company has seen significant growth in revenue and profitability, driven by its popular smart rings and a high-margin subscription service.
Why it matters
Oura's IPO highlights the continued investor interest in the health-tech and wearable device market.
The American tennis player Taylor Fritz wears an Oura Ring during this month’s US Open. The American tennis player Taylor Fritz wears an Oura Ring during this month’s US Open. Technology sector Health-tracking smart ring maker Oura to list on US stock market Firm has celebrity fans and ambassadors including Prince Harry, Jennifer Aniston and Kim Kardashian
Prefer the Guardian on Google Fans of Oura are accustomed to using its trendy smart rings to fastidiously monitor their health but now investors are preparing to track a new metric – its share price.
The San Francisco-headquartered company’s filing to imminently list on the Nasdaq stock exchange in New York was made public on Thursday.
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