Oura has put off its IPO with no new date, blaming an uncertain IPO market, after filing to sell 55 million shares at $40 to $44 apiece in a deal that would have raised up to $2.2 billion and valued the smart ring maker around $15 billion. The company says the business itself is growing, with paying members reaching 5.7 million, up from 5 million as of June 30, and revenue for 2026 expected to climb 90% from $907.9 million the year before. The delay holds up Oura’s plan to spend most of the proceeds on taxes owed for employee stock grants that vest at listing, and it keeps early backer Forerunner Ventures from selling its entire 9.3% stake, worth about $1.2 billion at the midpoint.
