Finnish smart ring maker Oura plans IPO at over €9 billion as wearable market heats up
Finnish smart ring maker Oura plans IPO at over €9 billion as wearable market heats up
Cikk tartalma röviden
Oura, a Finnish health tracker company, has confidentially filed for an IPO with the US SEC, following a significant increase in its valuation to $11 billion. CEO Tom Hale reported over 5.5 million rings sold and projected $2 billion in annual revenue by 2026. Oura is transitioning from a hardware maker to a subscription-based health platform, focusing on long-term health signals and women's health. The IPO marks a significant moment for European tech firms seeking US capital markets, reflecting a trend of European companies opting for US listings.
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