Oura Health, the Finnish startup behind the popular health-tracking smart ring, may be preparing for its next big milestone: a potential initial public offering (IPO).
In a recent interview with The New York Times, Oura CEO Tom Hale said the company has already reached the thresholds of size, growth, and scale that would allow it to go public. “We could go public. Is that in our plans? It’s certainly an option. And when the moment is right, we’ll let everyone know,” Hale said.
Oura has been a fast-growing player in the wearable health tech market, with the company recently announcing that it expects to generate $1 billion in revenue in 2025, doubling last year’s performance. Reports have also suggested Oura is in the process of raising new funding at a valuation approaching $11 billion, though Hale declined to comment on those rumors.
Beyond financial performance, Hale addressed Oura’s role in data-sharing initiatives, clarifying that the company’s focus is on empowering users to share health data when it benefits them, not handing information over to governments or third parties without consent.
“The privacy and security of your data is nonnegotiable,” Hale emphasized. “Especially when it could be used in any way against you.”
Hale also revealed his own personal sleep routine, noting he averages 7.5 hours per night, underscoring Oura’s mission to help users improve health outcomes through sleep and activity tracking.
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As speculation grows around an IPO, Hale’s comments highlight both Oura’s accelerating business momentum and its efforts to distinguish itself through strict data privacy standards.
