Smart ring maker Oura postponed its planned US initial public offering on the 29th. Market conditions have become unstable, weakening investor demand for newly listed stocks, and this month nuclear services company Holtec halted its planned US IPO while Bamboo Insurance also pushed back its listing. Oura and some existing shareholders had planned to sell 50 million shares in the IPO at an indicative price range of 40 to 44 dollars per share; had the price been set at the top of that range, the offering would have raised 2.2 billion dollars and given the company a fully diluted valuation of 15.62 billion dollars. It had initially been set to price the offering during the 29th and begin trading on the Nasdaq on the 30th. Founded in Finland more than a decade ago, Oura was valued at about 11 billion dollars in last year's funding round, and response to the launch of its flagship Oura Ring 5 has been extremely strong, with paid platform members reaching 5.7 million. Chief Executive Officer Tom Hale stressed that the company aims to deliver a great IPO for employees and investors and that it has the luxury of choosing its timing, adding that the business is profitable and that revenue for fiscal 2026 is expected to rise 90 percent from the prior year.
Holtek Semiconductor IncOura postponed its planned US IPO due to unstable market conditions and weak investor demand for new listings
