Smart ring maker Oura Health has filed a confidential draft registration statement with the SEC for an initial public offering. The company expects the listing to occur later in 2026. Oura has not yet determined the number of shares or the price range for the offering.
The company’s revenue quadrupled over the past two years. Paid memberships are projected to exceed five million this quarter. Oura has sold more than 5.5 million rings to date.
A 2025 funding round valued the company at approximately $11 billion. This filing intensifies competition against established wearable technology players like Apple and Google’s Fitbit.