IPO

Oura has filed publicly for a Nasdaq listing in the United States and, according to reporting by The Wall Street Journal, intends to list during September. The Finnish smart ring maker submitted a confidential filing in May. The prospectus arrives with a board reshaped for US public markets, and a Nordic presence now outnumbered on it.

The prospectus filed with the U.S. Securities and Exchange Commission shows revenue of $1.21 billion for the nine months ended 30 June 2026, the first three quarters of a fiscal year that ends 30 September, against $697.6 million in the same period a year earlier, a rise of 74%. Full-year FY2025 revenue was $907.9 million, against $406.8 million the year before. The net loss attributable to common shareholders over the same nine months was $924.3 million, compared with $182.8 million a year earlier.

Oura shipped 3.1 million rings in the nine-month period, against 1.8 million a year earlier. Membership revenue reached $240.5 million, up 121%, and paid members doubled to 5 million, the recurring line that will matter most to public-market investors, and the one that turns a hardware company into a subscription business.

The headline loss sits beneath a $985m deemed dividend

Before the deemed dividend attached to preferred shares, Oura's net result for the period was a profit of $60.8 million, against $1.6 million a year earlier. The $924.3 million figure emerges after a $985 million deemed dividend to holders of redeemable convertible preferred shares is deducted. The comparable deemed dividend a year earlier was $184.4 million.

Oura raised more than $1.2 billion privately before this filing. A Fidelity-led round in October 2025 valued the company at $11 billion. The listing could raise up to $3 billion for the company and some of its backers at a valuation exceeding $16 billion, Bloomberg reported on 24 August 2026, a repricing of roughly 45% in under a year. 

The new board adds Robinhood's IPO-era CFO and Wolt's founder

Oura said on 2 September that it will appoint Jason Warnick, Leslie Kilgore, Miki Kuusi and David Sze as directors.

Warnick spent seven years as chief financial officer of Robinhood, where he helped take the company public and through its subsequent life as a listed business. He retired from the role earlier this year and was succeeded by Shiv Verma. Before that he spent nearly two decades at Amazon across finance, investor relations, audit and enterprise risk, and began his career as a CPA at Deloitte & Touche.

Kilgore sits on the boards of Netflix and Pinterest, and has previously served on those of LinkedIn, Medallia and Nextdoor. She was chief marketing officer at Netflix, and held earlier positions at Amazon, Procter & Gamble and Booz Allen Hamilton.

Kuusi co-founded Wolt and led it as chief executive from 2014 until DoorDash acquired the company in 2022. He now oversees DoorDash's international business and serves as chief executive of London-based Deliveroo. 

Sze is a partner at Greylock Partners, where he led investments in Facebook, LinkedIn, Roblox and Pandora. He previously held senior operating roles at Excite and Excite@Home.

The four join Timo Ahopelto, Dennis Durkin, chief executive Tom Hale, Wen Hsieh, Eurie Kim and chairman David Shuman on the board.

"Adding Jason, Leslie, Miki, and David strengthens our board with leaders who know what it takes to build and scale category-defining global businesses," Hale said in the company's statement.

IQM Quantum Computers shares climbed 21.3% to €18.20 in early trading on Nasdaq Helsinki today, extending momentum after the Finnish quantum computing company began trading in the US a day earlier.

The company's American depositary shares closed their first session on Nasdaq at USD 13.03, up 2.1% from the previous close, before easing to USD 12.90 in after-hours trading. The US listing became effective on July 2 under the ticker IQMX, marking the company's arrival on public markets through a dual listing in Helsinki and New York.

The strong opening in Helsinki suggests investors are placing a premium on direct access to Europe's first publicly traded pure-play quantum computing company. Trading volume reached roughly €6.3 million during the morning session, with the stock touching an intraday high of €19.00.

Finnish quantum computing company IQM Quantum Computers has taken the final step toward becoming a publicly listed company by applying to list its shares on Nasdaq Helsinki. Trading is expected to begin on July 3 under the ticker IQMX.

The Helsinki debut follows IQM's merger with Nasdaq-listed special purpose acquisition company Real Asset Acquisition Corp., according to IQM’s press release. Trading in American depositary shares representing IQM stock is expected to begin on the Nasdaq Stock Market in New York on July 2, giving the company a dual listing in the US and Finland.

The listing gives Nordic investors direct exposure to one of Europe's most advanced quantum hardware companies at a time when investment in quantum technologies continues to accelerate.

Unlike a traditional IPO, the transaction does not include a new public share offering. Instead, IQM is entering the public markets by merging with an already listed SPAC, allowing it to complete its listing using capital previously raised from private investors.

Investors gave Savox a positive reception on its first day of trading, pushing the defense communications company's shares above their IPO price following a heavily oversubscribed offering.

Savox shares opened at €10.90 on Nasdaq Helsinki's Prelist market today, 1.7 percent above the final subscription price of €10.72. By 10:24 a.m., the stock had traded between €10.75 and €11.06, giving the company an intraday market value of as much as €196 million. At the time of writing, shares were trading at around €10.85, with volume exceeding two million shares and turnover reaching €21.6 million.

The market debut follows strong demand for Savox's IPO. The company announced yesterday that both its share offering and secondary share sale had been multiple times oversubscribed.