Oura postpones up to 2.2 billion US IPO citing market uncertainty

Oura, the maker of smart rings, postponed its up to $2.2 billion U.S. IPO on Monday, citing “uncertainty in the Initial Public Offering market.” The company had filed to sell 55 million shares at $40 to $44 each on Nasdaq, which would have valued it at up to $15 billion .
Chief Executive Tom Hale said in a statement that “an IPO is just one step in our journey” and that the company has “the luxury of choosing our moment” . Oura had planned to use most of the proceeds to cover tax obligations tied to employee share grants, while early investor Forerunner Ventures intended to sell its entire 9.3% stake, potentially netting $1.2 billion .
The company reported pre-tax profit of $23.5 million on $907.8 million in sales for the year ending Sept. 30, 2025, and $70 million in pre-tax income on $1.2 billion in sales for the nine months to June 30, 2026 . Oura’s smart rings, priced above $300, track health metrics like heartbeat and sleep patterns via a companion app .
Follow us for live European news
- 1
- 1
- 1
2 further sources not geolocated

