[Smart Ring Manufacturer Oura Plans to Raise Up to $3 Billion Through IPO] BlockBeats News, August 25, according to Bloomberg citing sources familiar with the matter, smart ring company Oura Health Oy, which produces devices capable of tracking health, fitness, and sleep data, along with some of its investors, is seeking to raise up to $3 billion through an initial public offering (IPO) in the United States. The IPO could take place as early as September, with the company’s valuation expected to exceed $16 billion, according to some sources. Existing investors are anticipated to sell a significant number of shares in this offering, the sources said. [Original Link]