Oura Pulls $15bn IPO Just Days After Filing — SkimNews
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- Oura withdrew its $15bn (£11.3bn) US IPO plan days after filing, citing 'uncertainty in the Initial Public Offering (IPO) market' and offering no revised timeline
- Oura had filed to raise up to $2.2bn on the Nasdaq at a $40-$44 per share price range before the pullback, with CEO Tom Hale calling an IPO 'just one step in our journey'
- Oura's FY ending 30 September 2025 showed a $23.5m pre-tax profit on $907.8m in sales, with the nine months to 30 June 2025 already delivering $70m pre-tax income on $1.2bn in revenue
- Holtec International postponed its own flotation earlier this month, blaming rising energy costs, military conflicts, global trade tensions and inflation-driven central bank rate hikes for damaging investor confidence
- The US 10-year Treasury yield hit its highest level since 2007 this week, a backdrop cited by Mergermarket's Samuel Kerr as evidence of a 'very different IPO market' than weeks ago
- Oura faces a separate August class action from the Clarkson Law Firm alleging its rings cannot accurately track sleep — though the company states the lawsuit is not linked to the IPO delay
Why it matters: Oura's last-second reversal, coming alongside Holtec's earlier pullback and a 10-year Treasury yield at a 2007 high, shows the IPO window has slammed shut for growth-stage consumer tech — a profitable company generating over $1bn in nine-month revenue couldn't attract buyers at a $15bn tag.
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