According to well-known Apple insider Mark Gurman, Oura Health Oy—the maker of the widely popular smart ring—has discreetly submitted an application for a U.S. stock initial public offering (IPO). The company aims to go public later this year and is collaborating with prominent financial institutions such as Goldman Sachs Group and Morgan Stanley to facilitate the process. Oura filed the relevant documents with the U.S. Securities and Exchange Commission (SEC) this week. Headquartered in both San Francisco, USA, and Finland, Oura was established in 2013. Last September, the company secured $875 million in a Series E funding round, propelling its valuation to an impressive $11 billion.
