The manufacturer of smart rings Oura is preparing for an IPO with a valuation of $2.2 billion

Finnish wearable device developer Oura plans to go public on the US stock exchange, with the company and its investors expecting a market valuation of the business at $2.2 billion in the initial public offering.

The company specializes in producing smart rings that use built-in sensors and machine learning algorithms to track health metrics, sleep quality, and stress levels. To date, Oura has attracted significant investments from venture capital funds that seek to monetize their shares amid high demand for personal biometric monitoring devices.

The company's financial performance shows sustained growth amid competition with major tech corporations such as Samsung and Apple. A successful IPO will allow Oura to raise additional capital to scale production and develop new AI-based features focused on predictive analytics of the user's body state.

Going public marks an important milestone for the wearable electronics market, where the focus is shifting from simple activity trackers to complex analytical systems. The US listing is expected to be one of the largest events in the consumer technology sector in the past year, confirming investors' interest in companies that integrate AI into everyday accessories.