Oura Inc., a health and fitness smart ring maker, is pursuing a US initial public offering that could raise as much as $2.2 billion. The company and its backers are moving forward with public market plans.
Oura manufactures wearable smart rings that track health metrics including heart rate, sleep patterns, and activity levels. The device has gained traction among fitness enthusiasts and health-conscious consumers seeking alternatives to traditional wearables like smartwatches.
The $2.2 billion valuation reflects investor confidence in the wearables market, which continues to expand as consumers prioritize health monitoring. Oura has built a user base through direct-to-consumer sales and partnerships with wellness platforms.
The IPO would mark Oura's transition from private funding to public markets. The company has previously raised capital from venture backers and strategic investors. Going public would provide capital for product development, market expansion, and potential acquisitions.
The smart ring category remains smaller than the broader wearables market but has attracted competitors and investment in recent years. Oura's move signals momentum in the segment as it seeks to scale operations and reach new customers.
The European Commission proposed rules Monday requiring data centers with 500+ kW capacity to publicly disclose their energy and water efficiency using a standardized EU labeling system.
AI infrastructure and power grid modernization are driving unexpected demand for copper, with data centers already consuming outsized amounts of the metal. US tariff policy could be the next major factor reshaping global copper markets.
California has settled its lawsuit challenging the Paramount-Warner Bros. Discovery merger, drawing criticism from consumer advocates. FTC Chair Lina Khan stated regulators had a "very strong" case that the deal violated antitrust law.
Ireland's Data Protection Commission has fined Google €403 million ($463M) for multiple GDPR violations related to processing users' location data without proper consent.