Oura stock listing in limbo as smart ring startup delays IPO just days after launching it

Oura has been gearing up to go public all month. Now, it seems those plans have been put on the back burner. The California-based smart ring maker said on Tuesday that it will postpone its highly anticipated stock listing. Oura explained that it was “despite strong demand,” instead blaming “uncertainty in the IPO market” for the decision. “Our mission is to empower people to live healthier, longer, and an IPO is just one step in our journey,” Oura CEO Tom Hale said in a statement. “We aim to deliver an extraordinary IPO for our employees and investors and we have the luxury of choosing our moment. In the meantime, we will execute against the opportunities ahead.” Oura is profitable and expects 2026 revenue to be up 90% year-over-year (YOY). In its initial IPO filing with the Securities and Exchange Commission (SEC), the company reported net income of $60.8 million for the nine months through June 30, 2026. Net income was just $1.6 million during the same period of the year before. The company added that it has gotten even stronger while preparing for its stock market debut. Oura’s IPO journey Only a few weeks have passed since Oura’s September 3 filing with the SEC, announcing its…