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Oura files for a US IPO, reporting a $924.3M net loss on $1.21B in revenue for the nine months ended June 30, vs. a $182.8M net loss on $697.6M a year earlier (Subrat Patnaik/Bloomberg)

Health and fitness ring-maker Oura Inc. filed for an initial public offering, showing soaring revenue as well as increasing losses.

Oura Inc., a health and fitness ring maker, has filed for a US initial public offering. The company reported $1.21 billion in revenue for the nine months ended June 30, a 74% increase from $697.6 million in the prior-year period, according to Investing.com.

The company's net loss for the nine months ended June 30 was $924.3 million, compared to a $182.8 million net loss a year earlier, as reported by Bloomberg.

Oura plans to list its shares on the Nasdaq Global Select Market under the ticker symbol OURA. Goldman Sachs, Morgan Stanley, and others are acting as joint lead book-running managers for the proposed offering.

Brief written by urgent.news from Techmeme, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.

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