Oura files confidential IPO draft with US SEC

TL;DR
Oura said it submitted a draft registration statement to the US Securities and Exchange Commission for a proposed initial public offering. The company also said it expects to exceed 5 million paying members in the second quarter.

Oura said it has confidentially submitted a draft registration statement to the US Securities and Exchange Commission (SEC) for a proposed initial public offering. The company did not disclose the number of shares it plans to offer or the expected price range.

Oura said the proposed offering is expected to take place after the SEC completes its review process, subject to market and other conditions. The filing does not mean the offering will proceed on a set timetable.

Oura said it expects to exceed 5 million paying members in the second quarter. The company makes smart rings and sells a paid membership tied to its health and wellness service.

Related questions

• What did Oura file with the US SEC?
• How many paying members does Oura expect to have in Q2?
• Did Oura disclose the size or price range of the proposed IPO?