Oura Targets Up to $3 Billion U.S. IPO, Potential $16 Billion Valuation

Oura Health Oy plans to raise up to $3 billion in a U.S. IPO as soon as September 2026, Bloomberg reports, with a valuation that could exceed $16 billion — up from $10.9 billion in September 2025. The Finnish smart ring maker confidentially filed its S-1 with the SEC in May 2026. Existing investors are expected to sell a major chunk of the shares offered.