Oura files for U.S. IPO after strong revenue growth
Oura, the Finnish smart ring company, just filed paperwork to go public in the U.S. The company reported $1.21 billion in revenue for the nine months ending June 30—nearly double the prior period—and a net income of $60.8 million. Oura says it’s sold 3.6 million rings in the past year and has about 5 million paid members. The IPO comes as competitors launch feature-packed rings, aiming to challenge Oura’s current lead.
- Filed for U.S. IPO on September 3
- Revenue hit $1.21 billion in latest nine months
- Net income rose to $60.8 million
- Sold 3.6 million rings in the last year
- Facing competition from feature-heavy smart ring startups
Sources covering this
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