Oura delays $15BN US IPO
Finland-foundedsmart ring maker Oura is delaying its US IPO due to market uncertainty, it saidtoday. Oura said it had taken the decision to postpone listing on the Nasdaq “despite strong demand”. Oura...
Oura, a Finland-based maker of smart rings, has announced that it is postponing its planned US IPO due to market uncertainty, despite strong demand. The company, founded in 2013, has not disclosed when it intends to list on the Nasdaq. In a statement, Oura's CEO Tom Hale emphasized that the company's mission remains to help people lead healthier, longer lives, and that an IPO is merely one step in their journey.
Hale stated that the company aims to deliver an "extraordinary initial public offering" for its employees and investors, and that they have the flexibility to choose the optimal time for the IPO. Oura noted that its business has "further strengthened" since initiating the IPO process, with revenues expected to increase by 90% in 2026 compared to the previous year.
The company, renowned for its popular smart rings, seeks a $15 billion valuation. These rings are designed to monitor sleep, recovery, activity, stress, and health signals.
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