Oura indefinitely postpones planned $2.2 billion stock market listing

The short version

• Smart ring maker Oura has indefinitely postponed its initial public offering aiming to raise up to $2.2 billion.[TechCrunch · BBC News]
• The planned Nasdaq listing had targeted an implied valuation of up to $15 billion.[TechCrunch · BBC News]
• The company cited market uncertainty for the delay, with leadership stating it has the flexibility to choose its timing.[TechCrunch · BBC News]
• The postponement delays a planned $1.20 billion exit for early backer Forerunner Ventures and impacts funds earmarked for employee tax obligations.[TechCrunch]

Key facts

• Oura postponed its planned US initial public offering of 55 million shares priced between $40 and $44 indefinitely.[TechCrunch · BBC News]
• The offering aimed to raise up to $2.2 billion and would have valued Oura at up to $15 billion.[TechCrunch · BBC News]
• CEO Tom Hale stated that an IPO is just one step in the company's journey and that Oura has the luxury of choosing its moment.[TechCrunch · BBC News]
• Oura intended to use most of the listing proceeds to pay employee tax obligations linked to vesting share grants while preserving its $372 million cash reserve.[TechCrunch]
• Early investor Forerunner Ventures was slated to sell its entire 9.3% stake for approximately $1.20 billion at the midpoint price.[TechCrunch]
• Oura recorded pre-tax income of $70 million on $1.2 billion in sales for the nine months ended June 30, 2026, and counts 5.7 million paying members.[TechCrunch · BBC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Oura shelves its $2.2B IPO, citing ‘uncertainty’ in the marketTechCrunch
• Oura pulls $15bn stock market listing days after announcementBBC News - Science & Environment