Oura smart ring IPO could raise $3 billion at $16 billion valuation

Oura Health Oy is pursuing a U.S. initial public offering that could generate up to $3 billion in proceeds and assign the company a valuation exceeding $16 billion. The smart ring manufacturer filed a draft prospectus with the Securities and Exchange Commission in May and expects to proceed with the listing in September. A syndicate of major banks including Goldman Sachs, Morgan Stanley, JPMorgan Chase, Allen & Co., and Jefferies Financial Group is managing the transaction, with existing sh