Smart Ring Maker Oura Files for ~$2.5B US IPO on $1.21B Nine-Month Revenue

Oura filed its S-1 with the SEC on Wednesday for a Nasdaq listing under OURA, targeting a raise of about $2.5B. Revenue for the nine months to June 30 came in at $1.21B, up 74% year over year, on a $924.3M net loss inflated by a deemed dividend to preferred stockholders vs. a $182.8M loss on $697.6M a year earlier.