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المشهد العربي
Aura Smart Ring plans US IPO
Aura, a company specializing in smart rings and wearable devices for monitoring biometric measurements, has launched a public offering on the U.S. financial market. This move aims to expand its reach and increase its capital. Over the past nine months, the company achieved profits of $60.8 million, compared to $1.6 million in the previous year. Its revenues grew by 74%, reaching $1.21 billion. This success coincided with the launch of the fifth generation of their small-sized rings, which are 40% smaller than the previous model, and the company's expansion from Finland more than a decade ago.
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