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NASDAQ

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Oura files Nasdaq IPO as $11bn valuation meets profit surge

Oura has filed for a Nasdaq IPO after nine-month revenue jumped 74% to $1.21 billion and net income reached $60.8 million. The smart-ring company has 5 million paying members and membership gross margins of 89%, but hardware still produces 80% of revenue. Its public-market test is whether investors value Oura as a consumer-device maker or a recurring health-intelligence platform.
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GoPro merges with Starman Optical as $285m recapitalisation opens AI and defence pivot

GoPro shareholders will receive $285 million in cash while retaining about 10% of the combined company after a merger with privately held Starman Optical. The deal also repays roughly $92 million of GoPro debt and adds U.S.-made optical transceivers for AI data centres. The transaction may solve an immediate liquidity crisis, but it also asks investors to believe GoPro’s optics, imaging patents and consumer brand can support a second life in AI, defence and aerospace.