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🇫🇮 Finland /Technology

Oura IPO Nears, but Share Price Range Remains Unclear

From Helsingin Sanomat · () Finnish

Translated from Finnish and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data New plan
  • Oura published an S-1 registration statement for a planned U.S. stock-market listing, indicating that the process is nearing its final stage.
  • The filing did not disclose the number of shares to be offered, the offering size or the expected price range.
  • Oura reported net profit of 60.8 million euros and revenue of $1.21 billion for the nine months ended in June, up sharply from the previous year.

Finnish-founded smart-ring maker Oura has moved closer to a U.S. stock-market listing after publishing the prospectus known as an S-1 late Thursday evening Finnish time.

The filing signals that the listing process is approaching its final stage. It does not yet reveal the size of the offering, the number of shares that will be sold or the expected price range for the stock.

The prospectus includes financial figures for the nine-month period that ended in June. Oura reported net profit of 60.8 million euros, compared with 1.6 million euros a year earlier.

Revenue reached $1.21 billion, up 74% from $698 million a year earlier. The figures point to strong growth as the company advances toward its planned U.S. listing.

About this summary

Originally published by Helsingin Sanomat in Finnish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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