Oura, the California company behind the Oura smart ring, said Tuesday that it will postpone its Nasdaq stock listing. The announcement came only days after the company began an initial public offering with an expected price of $40 to $44 per share. The company attributed the delay to "uncertainty in the IPO market".
Even so, Oura said interest in the offering was strong. The company's recent financial results point in the same direction. The business is profitable, and it forecasts that 2026 revenue will grow 90% compared with the year before. In its Securities and Exchange Commission filing, Oura showed net income of $60.8 million for the nine months that ended June 30, 2026. That profit figure compares with $1.6 million for the same stretch a year earlier.
Chief Executive Tom Hale described the postponement as a strategic choice. "Our mission is to empower people to live healthier, longer, and an IPO is just one step in our journey," 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 has been preparing for a public listing for weeks. It first filed IPO paperwork with the SEC on September 3 and then launched the sale of 50 million common shares on September 21, applying to list on Nasdaq under the ticker "OURA". The company said it has become even stronger while getting ready for its stock market debut.
The delay leaves the share sale in limbo after it had already begun. The offering had been open only a few days, and Oura did not give a new date for when the shares might list. The company has not said when it will resume the process.
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Sam Okafor covers capital markets, public listings and corporate finance for Venturist. He writes from filings, earnings releases and published reporting.