Oura, the maker of the smart wearable device Oura Ring, has confidentially filed for an initial public offering in the United States. Over the past two fiscal years, Oura's total revenue has quadrupled, with gross profits continuously reinvested into business expansion. Founded in Finland over a decade ago, the company has sold over 5.5 million smart rings globally, with products available at more than 4,600 retail locations. The Oura Ring is primarily used to monitor sleep, daily activities, and health metrics, while providing personalized health guidance.
