� Oura explores IPO after $11B valuation and rapid growth

Oura has started interviewing banks for a potential IPO that could happen this year. The company raised over $900M last fall at a valuation of about $11B and has taken in more than $2B total funding.

Oura sells a smart ring with a subscription app that tracks sleep, fitness, and health signals. The company is also acquiring Doublepoint to add gesture and voice controls to future devices.

Health ring shipments are expected to grow 49%, outpacing smartwatches.

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