Oura Indefinitely Postpones Planned IPO

Oura has indefinitely postponed its planned Nasdaq IPO, citing market uncertainty despite reported investor orders for roughly four times the shares available. The offering had been expected to raise as much as $2.2 billion through 50 million shares priced at $40 to $44 each, valuing the smart-ring maker at up to about $15 billion. Oura says it remains profitable, expects fiscal 2026 revenue to grow 90%, and has 5.7 million paid members. Analysts cite volatile market conditions, including rising yields, and questions about whether Oura can sustain growth and justify its valuation as a single-product business. The delay postpones liquidity for selling shareholders and Oura’s plans for IPO proceeds, including covering tax obligations tied to employee share grants.