Oura delays US initial public offering citing market uncertainty

On September 29, 2026, smart ring maker Oura announced it would delay its US initial public offering, citing market uncertainty. The company had planned to sell 50 million shares at $40-$44 each. CEO Tom Hale said the company has the luxury of choosing its moment. The delay comes amid a tepid fall IPO market, with investors facing Federal Reserve rate hikes, geopolitical turmoil, and AI stock volatility. Oura popularized smart rings that track health metrics like heart rate and sleep.