Oura aims for up to €12.3 billion valuation in upcoming U.S. IPO
Finnish-origin wearable maker Oura plans to list in the United States with a market value estimated between €11.1 billion and €12.3 billion.
Oura, a Finnish-born company now headquartered in the United States, announced details of its pending initial public offering on a U.S. exchange. The firm estimates the IPO will place its total market capitalization between €11.1 billion and €12.3 billion, lower than earlier market speculation of about $16 billion. The offering will include new shares priced at $40-$44 each, with the company seeking to raise roughly $540 million to $600 million in fresh capital.
Existing shareholders plan to offload about $1.5 billion worth of stock. Eli Lilly has indicated a willingness to commit $100 million at the proposed share price. Oura’s smart rings monitor users’ sleep, recovery and workload, positioning the firm at the intersection of health technology and consumer wearables.
Why it matters
The IPO will fund Oura's growth and signals investor interest in health-focused wearable technology.
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