Oura Targets $3 Billion U.S. IPO at $16 Billion-Plus Valuation as Wearables Head Back to Public Markets
Oura and existing shareholders are reportedly seeking to raise as much as $3 billion in a U.S. IPO that could value the smart-ring maker above $16 billion.
Why it matters: The offering could become a major public-market benchmark for wearable health technology and AI-enabled consumer devices.
Oura is preparing one of the largest consumer-technology IPOs of 2026, with the company and some existing investors reportedly seeking to raise as much as $3 billion in a U.S. offering. The transaction could value Oura at more than $16 billion and may take place as early as September, according to Bloomberg. Oura previously confirmed that it confidentially submitted a draft registration statement to the SEC in May. A valuation above $16 billion would provide a major public-market benchmark for wearable health technology as Oura increasingly competes with larger device makers adding AI-driven health features.