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Oura Seeks Up to $3 Billion in IPO at Valuation Above $16 Billion

By Tim Clark4 min read

San Francisco, 24 August 2026 – Oura Health is seeking to raise as much as $3 billion in a potential US initial public offering, a transaction that could value the smart-ring maker at more than $16 billion and test public-market appetite for consumer health technology.

The offering could take place as early as September, although discussions remain ongoing and the size, valuation and timing could change. Existing investors are expected to sell a substantial portion of their holdings, meaning the transaction may provide liquidity for early backers as well as fresh capital for the company.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.