Oura Health filed for an initial public offering on the Nasdaq under the ticker symbol OURA. The company aims to raise up to $3 billion through the listing. This offering could value the smart ring manufacturer at more than $16 billion.
Financial disclosures show revenue reached $1.21 billion for the nine months ending June 30, 2026. This figure represents a 74% surge year-over-year.
The company listed patent litigation against competitors as a formal risk factor. Samsung currently competes in the market with its Galaxy Ring. Reports indicate Apple is also developing a rival smart ring.