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Oura postpones planned IPO citing market uncertainty

The wearable maker is delaying its stock market float despite strong demand, as the IPO market cooled in the third quarter amid shifting rate and bond yield expectations.

Reported · Written up by our desk · IPOs

Oura Inc, the smart ring maker, is postponing its planned initial public offering due to market uncertainty, according to a Tuesday press release reported by the Guardian Business.

Oura said it is delaying the stock market float despite strong demand.

The article cites research firm Renaissance Capital, saying the IPO market began the year strongly but tailed off in the third quarter, with concerns including a potential slowdown in artificial intelligence spending, the Federal Reserve resuming rate hikes, and a surge in bond yields that would raise borrowing costs.

Oura customers use the ring to monitor health, including sleep patterns and fitness activity, and the company earns most of its revenue from ring sales.

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