Oura, the company behind smart rings, with offices in San Francisco and Finland, is reportedly preparing for a US initial public offering (IPO) as soon as next month. The company is said to be planning to raise up to $3 billion, which could lead to a valuation exceeding $16 billion, according to Bloomberg.
This potential valuation would represent a substantial rise from the $10.9 billion valuation Oura achieved last September, following an $875 million Series E funding round. Investors are reportedly expected to sell a significant portion of their stock in the upcoming offering.
Oura confidentially filed for an IPO in May.