Oura postpones $15bn stock market listing amid market uncertainty

Oura, the company behind the popular smart rings that track users' health, has pulled its planned stock market listing in the United States. The decision to postpone the flotation, which had been expected to value the firm at $15 billion, comes just days after it was announced.

The company stated it was delaying its IPO due to "uncertainty in the Initial Public Offering (IPO) market" and did not provide a revised timeline. Oura had filed plans to raise up to $2.2 billion through the share offering. CEO Tom Hale commented that "an IPO is just one step in our journey" and that the company has "the luxury of choosing our moment".

Oura is the latest technology firm to delay its public listing, with experts attributing the move to a more challenging IPO market environment. Factors such as rising energy costs, geopolitical conflicts, global trade tensions, and inflation concerns have led to interest rate hikes by central banks like the U.S. Federal Reserve, impacting investor confidence.

In its last full fiscal year ending September 30, 2025, Oura reported a pre-tax profit of $23.5 million on sales of $907.8 million. For the nine months ending June 30, 2026, the company's pre-tax income was $70 million on sales of $1.2 billion.

Founded in Finland in 2013, Oura manufactures smart rings, priced upwards of $300, that monitor metrics such as heart rate and sleep patterns. The company is also facing a class-action lawsuit alleging misleading advertising regarding the rings' ability to accurately measure sleep stages.