Key facts
- Oura, a smart ring maker, has filed for a US initial public offering.
- The company reported a net loss of $924.3 million on revenue of $1.21 billion for the nine months ended June 30.
- This represents an increase in losses compared to the same period last year.
- Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen and Co., and BofA Securities are listed as underwriters.
- Oura plans to list on the Nasdaq under the ticker symbol "OURA."
Oura, the maker of smart wearable rings that track health indicators, has filed for an initial public offering in the U.S. The company intends to list on the Nasdaq under the ticker symbol "OURA."
For the nine months ended June 30, Oura reported a net loss attributable to stockholders of $924.3 million on revenue of $1.21 billion. This marks an increase in losses compared to the same period a year earlier, when the company reported a net loss of $182.8 million on revenue of $697.6 million.
Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen and Co., and BofA Securities are among the underwriters for the planned offering. The IPO market is anticipated to see increased activity following a summer lull, with issuers expected to target the post-Labor Day period to avoid potential uncertainty surrounding the November midterm elections.