Oura has been gearing up to go public all month. Now, it seems those plans have been put on the back burner.
The California-based smart ring maker said on Tuesday that it will postpone its highly anticipated stock listing. Oura explained that it was “despite strong demand,” instead blaming “uncertainty in the IPO market” for the decision.
“Our mission is to empower people to live healthier, longer, and an IPO is just one step in our journey,” Oura CEO Tom Hale said in a statement. “We aim to deliver an extraordinary IPO for our employees and investors and we have the luxury of choosing our moment. In the meantime, we will execute against the opportunities ahead.”
Oura is profitable and expects 2026 revenue to be up 90% year-over-year (YOY). In its initial IPO filing with the Securities and Exchange Commission (SEC), the company reported net income of $60.8 million for the nine months through June 30, 2026. Net income was just $1.6 million during the same period of the year before.
The company added that it has gotten even stronger while preparing for its stock market debut.
Oura’s IPO journey
Only a few weeks have passed since Oura’s September 3 filing with the SEC, announcing its plans for an IPO.
That news was followed on September 21, when Oura launched its IPO with 50 million shares of common stock and an expected price of $40 to $44 each. It had applied for a place on the Nasdaq as “OURA.”
But all those plans have been kicked down the road due to market uncertainty for IPOs.
It’s a concern backed up by precedent. This year has seen a number of big venture capital-backed companies (as Oura is) go public, only to have a very “muted” stock performance afterwards, PitchBook reports. Take companies like SpaceX (Nasdaq: SPCX) or Quantinuum, Inc. (Nasdaq: QNT), down 11.4% and 32.58% from opening, respectively.
Fast Company has reached out to Oura for more information on what prompted the sudden change in plans. We will update this post if we hear back.
Other high-profile IPOs delayed
Big names like Anthropic and OpenAI have also delayed their IPOs this month.
In a recent interview with Fortune, OpenAI CEO Sam Altman said the company wouldn’t go public this year, despite completing the initial filing in June.
Anthropic also filed with the SEC in June, but has reportedly pushed its IPO from October to November, according to the Wall Street Journal.
The company’s IPO plans have become even more scrutinized in the last day with the news that Anthropic will warn potential investors of AI’s “catastrophic or existential risks to humanity,” according to an IPO prospectus reviewed and reported on by Reuters.
