The smart ring maker is planning to raise up to $3 billion in an IPO as early as Sep., which could value Oura at more than $16 billion, Bloomberg reported, citing sources close to the matter. Investors are expected to sell a significant portion of the stock in the offering. That valuation is a significant increase from $10.9 billion as of last fall’s $875 million Series E funding round.

In May, Oura confidentially filed for a public offering with the Securities and Exchange Commission, listing 2024 sales of $500 million. It said ... Log in to view full article.