Oura Files Confidentially for IPO as Smart Ring Sales Surge

May 22, 2026

Oura Health has filed confidentially with the U.S. Securities and Exchange Commission for an initial public offering as it prepares to go public later this year, though share count and price range were not disclosed.

The Finnish smart‑ring maker has seen rapid sales and membership growth—reporting millions of rings sold (over 5 million total, up from 2.5 million in mid‑2024) and steep revenue growth that analysts and the company say puts it on track for roughly $1–2 billion in sales in the next year—trends that helped drive a large funding round and an about‑$11 billion private valuation last year.

Oura has engaged major banks including Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Co. and Jefferies to run the offering, and the filing is confidential so details such as exchange, valuation target, and share structure remain private until a public prospectus is filed. Athletech News