The smart ring maker Oura has reportedly filed for an IPO

Key points

• The smart ring maker Oura has filed with the US Securities and Exchange Commission for an IPO, according to Bloomberg.
• The company is reportedly working with Goldman Sachs, Morgan Stanley, JPMorgan Chase and other financial institutions to help with the transition from private to public.
• We don't have a date on this yet, but an insider told Bloomberg to expect the IPO later this year.
• The company was founded in 2013 and currently boasts a valuation of around $11 billion, thanks in part to a recent funding round that raised $875 million.
• CEO Tom Hale said last year that Oura had sold 5.5 million rings so far.