Oura Inc.

What the company does

Oura Inc. is a health technology company whose mission is to empower people to live healthier, longer. The company began in Finland more than a decade ago and builds the Oura Ring, Oura App, and Oura Membership, which use proprietary signal-processing and machine-learning algorithms to transform data from the ring and app into health, sleep, activity, and other insights for members. The company is an emerging growth company and is headquartered in San Francisco, California.

Use of proceeds

The company estimates it will receive net proceeds of approximately $532.6 million, based on an assumed initial public offering price of $42.00 per share (the midpoint of the price range). It intends to use approximately $526.4 million of the net proceeds to satisfy anticipated tax withholding and remittance obligations related to the RSU Net Settlement, with the remainder used for general corporate purposes, including technology development, working capital, operating expenses, and capital expenditures. The company will not receive any proceeds from the sale of common stock by the selling stockholders.

Underwriters

Extracted from S-1/A 0001193125-26-396051, filed Sep 21, 2026 and verified against that filing text.

Key risk factors

• Broad discretion in use of net proceeds

  “Because of the number and variability of factors that will determine our use of the net proceeds from this offering, their ultimate use may vary substantially from their current intended use.”

• Substantial tax obligations from RSU settlement

  “We anticipate incurring substantial tax obligations on the initial settlement of certain RSUs in connection with this offering.”

• Exclusive forum provisions in Amended Bylaws

  “Our Amended Bylaws that will be in effect on the completion of this offering will provide that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, and the federal district courts of the United States shall be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.”