Oura Eyes Up to $3 Billion U.S. IPO, Valuation Could Top $16 Billion

Oura Health plans to raise up to $3 billion in a U.S. IPO as soon as September 2026, targeting a valuation above $16 billion, Bloomberg reports. The Finnish smart ring maker confidentially filed its S-1 registration with the SEC in May 2026. Existing investors are expected to sell a major portion of the shares offered. Valuation would rise from $10.9 billion in September 2025.