Oura announced on Tuesday that it is postponing its previously announced initial public offering on the Nasdaq, citing uncertainty in the IPO market despite strong demand. The postponement comes more than a week after the health-tracking ring maker said it was looking to raise $2.2 billion at the higher end by selling 50 million shares priced between $40 and $44. Renaissance Capital director of investment strategies Avery Marquez attributed the delay to broader macroeconomic volatility, saying the recent spike in yields and resumed rate hikes have put downward pressure on growth companies. Jay Ritter, director of The IPO Initiative at the University of Florida, said the big concern about Oura is valuation, noting that single-product companies such as GoPro and Peloton performed poorly after their IPOs when growth stalled. Founded in Finland, Oura sells its Oura Ring 5 for between $399 and $499, and reported revenue of $1.2 billion in the nine months ending June 30, up from $697 million a year earlier, along with a net loss of $924 million. The delay follows reports that AI developer Anthropic is also delaying its IPO, likely until after the US midterm elections, after Reuters reported on a leaked prospectus showing a $42 billion net loss in 2025 and $518 billion in expected cloud, computing, and infrastructure commitments.
GoPro Inc
Peloton Interactive Inc
Apple Inc.
Oura Inc.Oura postponed its Nasdaq IPO amid IPO market uncertainty and macro volatility
Reported to also be delaying its IPO, mentioned as context for the IPO-market slowdown
