Smart ring maker Oura reveals revenue surge in US IPO filing
Oura, the maker of smart wearable Oura Ring, filed the paperwork for its U.S. initial public offering on Thursday, revealing a revenue surge and adding to a growing list of consumer-focused companies looking to tap public markets.
The IPO market is expected to pick up steam after a summer lull. Analysts expect issuers to target the post-Labor Day window to get ahead of any uncertainty around November’s midterm elections.
Oura, whose journey began more than a decade ago in Oulu, Finland, makes a smart ring that tracks key health indicators such as heart rate, sleep stages and physical activity.
