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Oura discloses $1.2B revenue in SEC filing ahead of IPO

Smart ring maker Oura has filed publicly with the SEC to go public, revealing revenue jumped from $697 million to $1.2 billion in the nine months ending June 30 compared to a year earlier. The company reports selling 3.6 million rings over the past year and now has roughly 5 million paid subscribers, with an 85% annual membership retention rate.