Oura IPO Could Hit $16 Billion Valuation as Revenue Jumps 74%

Smart ring maker Oura filed for a US initial public offering (IPO) on Thursday. The Oura IPO will put the company on Nasdaq under the ticker OURA.

Revenue climbed 74% to $1.21 billion over the first nine months of the fiscal year. Bloomberg reported that the listing could value Oura above $16 billion.

Ring Sales and Subscriptions Both Doubled

The product is a sensor-equipped ring worn on the…