Health Ring Oura Interviews Banks for IPO as Soon as This Year

Health ring maker Oura has been interviewing bankers to advise on an initial public offering that could take place as soon as this year, according to a person with direct knowledge of discussions.

A public offering would follow fast growth at the company, which sells connected devices and a monthly subscription to an app that tracks the user’s health, including sleep and fitness. The company reached $1.3 billion in annualized revenue late last year, according to a second person, up from $500 million in fall 2024, according to a Bloomberg report.