Mentioned:
Oura has a new ambition: Wall Street.
What’s happening:
- Oura has filed a Form S-1 with the United States Securities and Exchange Commission to become a publicly traded company on the Nasdaq
By the numbers:
- Oura previously raised $900M USD in a Series E financing round at a $11B USD valuation
Why it matters:
- Oura is one of the fastest growing consumer hardware companies in the United States and currently has more than 5M paid members
Going deeper:
- Oura has seen their sales meaningfully accelerate over the past two years, more than tripling their total revenue as well as seeing a large uptick in total rings shipped globally
- Fidelity is one of the largest shareholders of Oura and notably was the lead investor in both the Series D and Series E financing rounds
- The IPO financing round for Oura is being led by Goldman Sachs, Morgan Stanley, Jefferies and Allen & Co
The intrigue:
- Robinhood’s (NASDAQ: HOOD) broker-dealer business Robinhood Securities is publicly listed as a co-manager of Oura's IPO
The fine print:
- The exact valuation and financial terms of the Oura’s IPO have not yet been publicly disclosed
