Smart ring maker Oura, shareholders look to raise up to $2.2 billion in US IPO Agencies Synopsis 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.
By Reuters Sep 21, 2026, 09:14:00 PM IST Follow us Smart ring maker Oura said on Monday it is seeking to raise as much as $2.2 billion in its US initial public offering, as the fall listing window looks to kick back into action after a subdued start marked by market volatility.ADVERTISEMENT Weight-loss drugmaker Eli Lilly has indicated interest in purchasing up to $100 million of shares in the offering, while investment firm Dragoneer has indicated interest in buying up to $300 million worth of shares, the company said.Oura and some its existing investors are looking to sell 50 million shares in the offering, priced between $40 and $44, a regulatory filing showed.
The company makes a smart ring that tracks key health indicators such as heart rate, sleep stages and physical activity.
Goldman Sachs, Morgan Stanley, and J.P.
