Oura takes step toward IPO with S-1 filing, revealing $1.4 billion in revenue
Smart-ring manufacturer Oura has filed for an IPO, revealing $1.4 billion in revenue and recent profitability. The company plans to list on the Nasdaq under the ticker OURA after reaching 5 million paid members.
Why it matters
Oura's move toward public markets signals the continued growth and investor interest in the wearable health-tech sector.
The company behind the Oura Ring filed its S-1, a required step on the road to an IPO. Angel Garcia/Bloomberg/Getty Images Oura just got one step closer to becoming a public company. The smart-ring maker filed its S-1 paperwork on Thursday, a required step on the road to an initial public offering. The filing said Oura pulled in $1.4 billion in revenue and $59 million in net income in the one-year period that ended in June.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in