Smart ring manufacturer Oura (OURA.US) applies for a US listing, may raise over 2.5 billions dollars

According to information from Zhichong Finance APP, smart ring manufacturer Oura filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on Thursday. The IPO is expected to raise more than $2.5 billion. The company plans to list on Nasdaq under the ticker symbol "OURA".

Oura was founded in 2013 and is headquartered in San Francisco, California. The company sells a ring worn on the finger with built-in sensors that track sleep, activity, stress, heart health, and women's health, paired with an application that translates these readings into more than 50 metrics as well as AI-generated health guidance.

Oura sells its products directly to consumers and through about 8,400 retail locations, and also reaches more members via employers, government agencies, and healthcare partners. As of June 30, 2026, the company had 5 million paying members across 56 global markets, a 100% year-on-year increase; the 12-month retention rate of paying members is approximately 85%.

Data shows that for the 12-month period ending June 30, 2026, the company's revenue reached $1.4 billion. In the first nine months of the 2026 fiscal year, hardware products accounted for 80% of the company's revenue, while the remaining 20% came from recurring membership subscription income—these subscriptions unlock full health insight features.

Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Company, Jefferies, Bank of America Securities, Barclays, Wells Fargo Securities, Citizens JMP, KeyBanc Capital Markets, Guggenheim Securities, Canaccord Genuity, Needham & Co., Raymond James, Rothschild, Truist Securities and William Blair will act as joint bookrunners for this transaction. Notably, Robinhood Securities is listed as a co-manager, indicating that Oura shares will likely be offered to retail investors through its brokerage app.