Smart-ring maker Oura files for US IPO as sales and profits surge
- Oura files for a US initial public offering IPO, moving closer to a Nasdaq listing.
- The smart-ring maker reports revenue of $1.21 billion for the nine months to June 30, up 74% year-on-year.
- Its net income jumps to $60.8 million from $1.6 million a year earlier, showing a sharp turnaround in profits.
- Oura, valued at about $11 billion in its latest funding round, plans to list under the ticker “OURA”.
Source: reuters.com
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