BlockBeats News, May 25th - Smart Ring manufacturer Oura Health Oy officially submitted a confidential S-1 registration statement to the U.S. Securities and Exchange Commission on May 21st, planning to debut on the U.S. stock market later this year, with Goldman Sachs and JPMorgan Chase serving as the main underwriters for this IPO.
Ōura was founded in Oulu, Finland in 2013, with three co-founders Petteri Lahtela, Kari Kivelä, and Markku Koskela all coming from Nokia and the global heart rate monitoring pioneer Polar's R&D background.
In October 2025, the company completed a Series E funding round led by Fidelity Investments, raising $875 million and achieving a post-investment valuation of $11 billion. Prior to this, the company had raised over $1.5 billion in cumulative funding.
