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Smart Ring Maker Oura Files for Nasdaq IPO, Targeting $21B Valuation

Electronic Technology · Electronic Equipment/Instruments · yonhap_finance · 2026-09-04

Health-tracking smart ring manufacturer Oura has filed for a Nasdaq IPO, aiming to raise up to $3 billion with an expected valuation exceeding $21 billion.

What Happened

IPO Filing: Smart ring manufacturer Oura has officially filed for an initial public offering on the Nasdaq exchange. The company aims to raise up to $3 billion in capital through this public listing.

Valuation Outlook: Market analysts estimate that Oura's valuation could exceed $16 billion, or approximately 21 trillion won. The company has seen its revenue nearly double over the past nine months, signaling strong market demand.

Financial Performance: While revenue has surged, the company has also reported a significant increase in net losses. For the nine-month period ending in June, revenue reached $1.21 billion, while net losses expanded to $924 million.

Market Position: Oura has gained popularity for its health-tracking rings that monitor sleep, heart rate, and activity levels. The company currently boasts over 5 million paid subscribers, leveraging its data-driven health insights to maintain a competitive edge.

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