# Oura's AI Health IPO Targets Nasdaq

> Oura's AI-powered health ring prepares for Nasdaq IPO with 5.7 million members.
- Title: Oura's AI Health IPO Targets Nasdaq · Pymnts | Shortify
- Summary: Oura's AI-powered health ring prepares for Nasdaq IPO with 5.7 million members. Oura's AI health ring is going public with 5.7 million members and a $15.62…
- Keywords: oura, healthcare, ipo, nasdaq, wearables, smart ring, business, finance, Oura's, Health, Targets, Pymnts
- Source: Pymnts — https://pymnts.com/healthcare/2026/ouras-ipo-puts-ai-powered-healthcare-on-the-ticker
- Author: PYMNTS
- Published: 2026-09-25T19:25:29+00:00
- Read time: 1 min
- Topics: oura, ai, healthcare, ipo, nasdaq, wearables, smart ring, business, finance
## Oura's IPO Prepares for Nasdaq
Oura is preparing to launch an initial public offering on Nasdaq next week with a pitch that reaches past the smart ring it is known for.
## AI Health Model Launched
Oura launched its first proprietary AI model in February, letting its Oura Advisor chatbot answer questions about women’s health from early menstrual cycles through pregnancy and menopause.
## Membership Revenue Growth
Oura grew revenue 74% to $1.21 billion in the nine months ended june 30, with membership revenue rising 121% to $240.5 million.
## 5.7 Million Paid Members
The company expects to end fiscal 2026 with about 5.7 million paid members, up 96% from a year earlier.
## Hardware vs Data Model
Hardware sells once. The data stream renews every night, with an 89% gross margin on subscription revenue.
## Eli Lilly Interest
Eli Lilly has indicated interest in buying up to $100 million of the offering, according to Reuters.
## AI Health Model Details
The model runs on Oura-controlled infrastructure and conversations are not shared or sold, with no diagnosis or prescription capability.
## Key takeaway

Oura's AI health ring is going public with 5.7 million members and a $15.62 billion valuation.