Oura postpones $13.5 billion IPO citing market uncertainty
The IPO market had a solid start to 2026 before tailing off in the third quarter, according to research firm Renaissance Capital. The firm attributed the slowdown to concerns about a possible slowdown in spending on artificial intelligence, the Federal Reserve’s resumption of rate hikes, and a surge in bond yields that has made borrowing more expensive.
Wearable ring maker Oura Inc announced in a Tuesday press release that it is postponing its planned initial public offering, citing market ‘uncertainty’ despite what the company described as ‘strong demand’ for the deal.
Oura had planned to sell 50 million shares at between $40 and $44 apiece, with nearly three-quarters of the offered shares coming from current shareholders. At the midpoint of the price range, the deal would have given Oura a market value of $13.5 billion. Only about a quarter of the offered shares would have represented new capital for Oura, with the rest sold by existing shareholders.
The company approached the IPO with momentum. Oura said the introduction of the Oura Ring 5 helped boost the number of paid members to 5.7 million. The company also expects revenue for the fiscal year ending on Wednesday to have grown by 90%.
Oura generates the bulk of its revenue from ring sales, with the remainder coming from subscriptions. Customers use the rings to monitor their health, including sleep patterns and fitness activity.