Oura IPO Oversubscribed Fourfold Amid Market Scarcity

Oura (OURA) has seen its IPO orders exceed supply by four times, with pricing expected to reach the top of the $40 to $44 range. The strong demand, which could value the company at over $15 billion, is attributed more to a lack of major public listings in 2026 than to market conviction. While Oura reported 74% revenue growth to $1.21 billion and five million paid members, analysts suggest the current market environment may be inflating valuations for well-marketed deals.