Oura files for Nasdaq IPO, seeks $2.2 billion at up to $44 per share

September 21, 2026 at 07:05 PM2 min

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Oura Health Oy filed for an initial public offering on Monday, aiming to raise up to $2.2 billion by selling 50 million shares at $40 to $44 each. The Finnish wearable maker plans to list on Nasdaq under the ticker OURA. The filing follows revenue of $1.2 billion in the nine months to June 30, up from $697 million a year earlier.

Key Facts

Oura seeks to raise $2.2 billion at the top of the range by selling 50 million shares priced between $40 and $44.
The company has applied to list on Nasdaq under the ticker symbol OURA.
Revenue reached $1.2 billion in the nine months ended June 30, up from $697 million in the same period last year.
Oura reported a net loss of $924 million for the nine months ended June 30.
The company sold 4.1 million rings in the nine months ended June 30, up from 1.8 million a year earlier.

IPO Terms

Oura announced the launch of its initial public offering on Monday. The company is looking to raise $2.2 billion at the higher end via the sale of 50 million shares priced at between $40 and $44. The firm says it has applied to be traded on the Nasdaq under the ticker symbol OURA. Founded in Finland, Oura sells its Oura Ring 5 for between $399 and $499.

Financial Performance

Revenue for the company in the nine months that ended June 30 was $1.2 billion, up from $697 million in the same period last year. Oura saw a net loss of $924 million. The company says it sold 4.1 million rings in the nine months that ended on June 30, up from 1.8 million in the same period last year. Oura's subscription service, which costs $5.99 per month, had 5 million paid members as of June 2026.

Market Position

The company competes in the market for health tracking wearables alongside the likes of Fitbit and the Apple Watch. Oura's ring is part of a class of screenless wearables, like the Whoop tracker, designed for consumers seeking devices less distracting than those with screens. Other companies have also jumped on the ring-style bandwagon, including consumer electronics giant Samsung. According to the company, 72% of its members are women and 27% are over 45.