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Oura, Smart Ring Manufacturer, Files for IPO in the U.S. with a Valuation of $11 Billion from Recent Funding Round

AirdropBlackHole
On May 25, smart ring manufacturer Oura Health Oy officially submitted a confidential S-1 registration statement to the U.S. Securities and Exchange Commission on May 21, planning to go public in the U.S. market later this year. Goldman Sachs and JPMorgan will serve as the lead underwriters for the IPO. Founded in 2013 in Oulu, Finland, Oura was co-founded by Petteri Lahtela, Kari Kivelä, and Markku Koskela, who all hail from the research and development backgrounds of Nokia and global heart rate monitoring pioneer Polar. In October 2025, the company completed an E round of financing led by Fidelity Investments, raising $875 million, resulting in a post-money valuation of $11 billion. To date, the company has raised over $1.5 billion in total funding.
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