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Oura seeks up to $3 billion in US listing as wearables push IPO wave
Oura is aiming for a US listing as soon as September, while Whoop has raised $575 million and is targeting an IPO in about 18 months.
LiveMint markets, citing a Bloomberg Opinion piece, said smart money is moving quickly toward the next wave of listed health tech, as investors look for ways artificial intelligence and new data streams could boost productivity across sectors.
The story highlights Oura Health Oy, maker of smart rings that track fitness and sleep, and which can also predict menstruation and ovulation cycles. Oura is seeking to raise up to $3 billion in a US listing as soon as September, with a target valuation that could exceed $16 billion.
On the same theme, the outlet notes that Whoop, which sells health-tracking wristbands, has been expanding its Boston headquarters after raising $575 million in March. It also says Whoop turned cash-flow positive last year and counts sovereign wealth funds from the Middle East among its investors, which the article associates with a $10 billion valuation.
The opinion argues that investors and asset managers often prefer businesses they understand, and that wearables with subscription-style, data-driven models could draw attention at IPO time. It adds that Whoop is on track for an IPO in about 18 months, with public debuts expected to generate significant market buzz.