Oura Delays IPO Plans as Uncertainty Pressures New Listings

Oura said Tuesday it is postponing its Nasdaq IPO, citing uncertainty in the offering market despite strong demand. Rising bond yields and high oil prices have kept markets on edge, according to the report.

The company had planned to raise $2.2 billion at the higher end of its target by selling 50 million shares for $40 to $44 each. It announced those terms more than a week before postponing the offering.

Renaissance Capital's Avery Marquez said macroeconomic volatility was likely a key factor. He said higher yields and resumed rate hikes have weighed on growth companies, which make up most of the IPO market.

University of Florida IPO Initiative director Jay Ritter said valuation was a major concern. He pointed to single-product companies such as GoPro and Peloton, saying growth can stall when customers do not need repeat purchases.

Oura reported $1.2 billion in revenue for the nine months ending June 30, up from $697 million in the same period last year. It also reported a net loss of $924 million. Its subscription service had 5 million paid members as of June 2026.

Anthropic's reported IPO delay and recent postponements by Holtec and Bamboo Insurance add to concerns about the 2026 IPO market. Yorkville tech analyst Dan Ives said IPO trading may be choppy, but he does not believe the delays will derail the AI trade. AI infrastructure provider Accelevation is set to price its IPO after the close of trading.