Oura, the maker of the Oura Ring smart ring, has postponed its planned initial public offering on the Nasdaq, citing uncertainty in the IPO market.
The company said it made the decision despite what it described as strong demand for the offering. Oura did not provide a revised timetable for the proposed listing.
Oura previously filed a Registration Statement on Form S-1 with the US Securities and Exchange Commission. The filing has not yet been declared effective.
Paid Membership Reaches 5.7 Million
Oura said its paid membership base has reached 5.7 million following the launch of the Oura Ring 5.
The company also said it is profitable and expects revenue to increase 90% year over year in fiscal 2026.
The revenue growth figure represents Oura’s projection and remains subject to future performance.
Oura Says It Will Choose Timing for IPO
Chief Executive Tom Hale said the company continues to view a public listing as part of its longer-term plans despite the postponement.
“Our mission is to empower people to live healthier, longer, and an IPO is just one step in our journey,” Hale said. “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.”
The company has not indicated when it could resume the IPO process.