Tom Hale’s Oura Heads to the U.S. Open With a $16B IPO in Sight

Tom Hale’s Oura Heads to the U.S. Open With a $16B IPO in Sight

By partnering with the USTA, Team USA and U.S. Soccer, Oura is building the case for life as a public company. As the Finnish smart ring maker nears a public listing, its U.S. Open partnership is testing whether the smart ring can become a durable health business.

Watch Unrivaled Valuation, Oura IPO, Data Center Backlash | Bloomberg Deals 8/26/2026

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Jason Greenberg, Jeffries Global Head of Investment Banking Strategy, Maria Goodpaster, Partner at McKinsey & Company, Kate Dorsey, Managing Director at Stonepeak, Melissa Kalka, M&A, Private Equity Partner at Kirkland & Ellis, and Alex Bazzell, Unrivaled CEO & Co-Founder.

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…