Brief

Oura Postpones $2.2 B IPO Amid US Market Uncertainty

Oura Inc. has shelved its initial public offering, which would have valued the company at up to $15 billion, as the US market remains volatile.

By Felo News Desk · Published Tue, 29 Sep 2026 18:04:16 GMT

Oura Inc., the maker of the popular Oura Ring smart‑wearable, has indefinitely postponed its planned listing on the Nasdaq. The company had filed to offer 55 million shares at a price range of $40 to $44 each, which would have raised up to $2.2 billion and valued Oura at roughly $15 billion at the mid‑point of the range.

In a statement, CEO Tom Hale said the decision was driven by “uncertainty in the IPO market” and that the company would instead focus on executing its growth strategy. He added that the company’s mission to help people live healthier lives remains unchanged and that the IPO was “just one step in our journey.”

Oura’s shareholders, including early investors Forerunner Ventures and Lifeline Ventures, had planned to sell a combined 36.5 million shares. Forerunner Ventures, which owned a 9.3 % stake, would have netted about $1.20 billion if the shares were priced at the $42 mid‑point. The company also intended to use most of the proceeds to settle tax obligations related to employee share grants that would have vested at the listing.

Oura’s decision follows a broader trend of postponements in the US IPO market. Holtec Nuclear Corp. and Bamboo Insurance Services Inc., backed by CVC Capital Partners, have also delayed their listings citing similar market conditions. Bloomberg reported that Oura’s offering had attracted strong investor interest, with orders reportedly reaching about four times the number of shares available.

Oura’s latest product, the Ring 5, has been well received, with the company reporting 5.7 million paying members, up from 5 million at the end of June. The firm expects revenue for its 2026 financial year to rise 90 % from the $907.9 million reported in 2025.

Key facts

Oura postponed its Nasdaq IPO, which would have raised up to $2.2 billion (gulfnews.com)
The offering would have valued Oura at up to $15 billion (gulfnews.com)
CEO Tom Hale cited market uncertainty as the reason for the delay (techcrunch.com)
Oura had 5.7 million paying members as of the end of June 2026 (techcrunch.com)
Oura expects 2026 revenue to increase 90 % from 2025 (techcrunch.com)