Smart-ring maker Oura has postponed its planned U.S. initial public offering as rising bond yields, higher interest rates and geopolitical uncertainty make investors more cautious about new stock listings.
Reuters reported that Oura had planned to sell 50 million shares at $40 to $44 each, a range that could have raised as much as $2.2 billion and valued the company at roughly $15.6 billion.
Offering had attracted strong demand
The IPO was reported to be about four times oversubscribed, suggesting investor demand was available. Oura nevertheless chose to wait for more stable market conditions rather than complete the transaction during a period of elevated volatility.
The delay comes as U.S. Treasury yields remain near multi-decade highs and expectations for additional Federal Reserve tightening continue to shift. Those conditions have raised financing costs and made pricing new equity offerings more difficult.
Oura joins a wider wave of delayed listings
Other companies, including Holtec and Bamboo Insurance, have also delayed offerings during the recent market selloff. Oura had been expected to serve as a high-profile test of investor appetite for consumer technology listings during the autumn IPO season.
The company enters the process from a relatively strong operating position. Reuters reported that Oura is profitable and expects fiscal 2026 revenue to rise about 90%. Its smart rings track sleep, activity and other health metrics, and the company says its user base has expanded substantially.
A new listing date has not been announced. The company can return to the market when conditions improve, subject to the normal regulatory and pricing process.
Sources: Reuters transactional and business coverage; Oura corporate information.
