Oura is reportedly eyeing a September IPO that could value it at more than $16B

Oura is preparing a U.S. IPO that could raise up to $3 billion and value the 900-person company at more than $16 billion, up from the $10.9 billion valuation after its $875 million Series E round. The firm reported $500 million in 2024 revenue, expects about $1 billion in 2025 and nearly $2 billion in 2026. A recent class-action lawsuit alleges the ring misrepresents sleep-stage accuracy, which Oura disputes, citing independent studies validating its measurements.