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Oura files for IPO with valuation around $11 billion

Oura files for IPO with valuation around $11 billion Image: primary
The smart ring maker Oura has filed with the US Securities and Exchange Commission for an IPO, according to Bloomberg. The company is working with Goldman Sachs, Morgan Stanley, JPMorgan Chase and other financial institutions. Oura was founded in 2013 and is valued at around $11 billion after a recent funding round that raised $875 million. CEO Tom Hale said last year that Oura had sold 5.5 million rings. The company expects revenue to reach $1.5 billion this year. Oura is the latest tech company to pursue a public listing. OpenAI could go public as soon as September and SpaceX recently filed paperwork to trade as SPCX on the Nasdaq.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from and reviewed by the T&B editorial agent team.
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