Oura is reportedly eyeing a September IPO that could value it at more than $16B
In Brief
4:05 PM PDT · August 24, 2026
Oura, the smart ring maker, with offices in San Francisco and Finland, is reportedly planning to raise up $3 billion as soon as next month in a U.S. IPO that values the more than 900-person company at north of $16 billion, according to Bloomberg. The outlet adds that investors are expected to sell a major chunk of stock in the offering.
A $16 billion valuation would mark an enormous jump from the $10.9 billion valuation Oura was assigned last September, when it closed an $875 million Series E round backed by Fidelity, ICONIQ, Whale Rock, and Atreides, joining earlier backers like Dexcom, The Chernin Group, Forerunner Ventures, Coatue, and Temasek.
The wearables space has gotten crowded fast.
Samsung launched its own ring, the Galaxy Ring, two years ago. But Oura’s most direct rival may be the fitness band maker Whoop,...
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