Smart ring maker Oura, shareholders look to raise up to $2.2 billion in US IPO
Indian markets moved higher in an ipo & listings development.
21 Sept 2026 · Economic Times Markets
Smart ring maker Oura plans to raise up to $2.2 billion in its US initial public offering. Eli Lilly and Dragoneer have indicated interest in purchasing shares in the offering. Oura and some existing investors will sell 50 million shares priced between $40 and $44. The company makes a smart ring that tracks key health indicators like heart rate and sleep.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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