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Oura becomes latest US IPO hopeful to delay listing as market jitters deepen
Reuters • • business
Key Points:
- Smart ring maker Oura postponed its US initial public offering (IPO) due to volatile market conditions and reduced investor appetite for new listings, reflecting broader caution in the IPO market amid economic uncertainties.
- The IPO was expected to raise $2.2 billion with a valuation of $15.62 billion, but Oura cited the need to choose a better market moment despite the offering being about four times oversubscribed.
- Market challenges include rising bond yields, potential Federal Reserve rate hikes, and geopolitical issues, which have made investors more selective, especially regarding growth valuations.
- Oura, a profitable company forecasting a 90% revenue increase in fiscal 2026, has gained popularity with its smart rings that track health metrics and currently has 5.7 million paid members.
- Other companies like Holtec and Bamboo Insurance have also delayed IPOs, while AI lab Anthropic is anticipated to proceed with a major IPO later this year, potentially after the US midterm elections.
