Oura Announces Confidential S-1 Filing
The Finnish smart ring maker has confidentially filed for a public offering with the Securities and Exchange Commission as it accelerates growth in the booming wearable device market. The company recently moved its headquarters from Finland to San Francisco, and a successful debut would make it the largest connected fitness IPO since Peloton’s $8.1 billion valuation in 2019 and Fitbit’s 2015 debut, valued at roughly $4.1 billion. Oura, founded in 2013, said it could generate close to $2 billion in sales in 2026 as it invests in artificial intelligence and international ... Log in to view full article.