Oura delays US IPO, citing market uncertainty

September 29, 2026 at 03:28 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Smart ring maker Oura said on Tuesday it has delayed its US initial public offering, citing market uncertainty. The company had marketed a share sale of 50 million priced in an indicated range of $40 to $44 apiece. The delay adds to a tepid start to the traditionally strong fall IPO market.

Key Facts

Oura delayed its US IPO despite what the company called "strong demand" and a strengthening business since the start of the IPO process.
The company had marketed a share sale of 50 million priced in an indicated range of $40 to $44 apiece, aiming to raise up to $2.2 billion.
Oura formally launched its IPO plans on Sept. 21, 2026, just eight days before the delay announcement.
CEO Tom Hale said the company has "the luxury of choosing our moment" and will execute against opportunities ahead.
Oura is profitable, with revenue expected to grow 90% year over year for fiscal year 2026.

IPO Delay Announcement

Oura said on Tuesday it was delaying its Nasdaq IPO due to uncertainty in the IPO market. The delay comes despite "strong demand" and a strengthening of the business since the start of the IPO process, the company said in a statement. The company formally launched its IPO plans just last week on Sept. 21, planning to raise up to $2.2 billion with the sale of 50 million shares. CEO Tom Hale said, "We aim to deliver an extraordinary IPO for our employees and investors and we have the luxury of choosing our moment."

Market Context

The delay adds to a tepid start to the traditionally strong fall IPO market. Investors are digesting the Federal Reserve's rate hike, geopolitical turmoil, and volatility in AI stocks. Oura is the latest U.S. public market hopeful to delay an IPO in recent weeks.

Company Profile

Oura has helped popularize smart rings, which track metrics such as heart health, activity, and sleep. Launched in 2015, Oura's smart ring has evolved beyond sleep tracking to include broader health and wellness features. Oura is profitable, with revenue expected to grow 90% year over year for fiscal year 2026.