Oura Postpones US IPO Amid Market Jitters — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Oura postponed its US IPO on Tuesday after marketing 50 million shares at $40-$44 — a deal that would have raised $2.2 billion at a $15.62 billion fully diluted valuation, up from its ~$11 billion private mark last year, with demand roughly four times oversubscribed
- CEO Tom Hale said the profitable company, which forecasts 90% revenue growth in fiscal 2026 and has 5.7 million paid members, "has the luxury of choosing our moment"
- IPO market sentiment has cooled after a strong year, with Mergermarket's Samuel Kerr noting "we are in a very different IPO market to the one we envisaged just a few weeks ago"
- Anthropic is poised to headline the second half of the IPO calendar, potentially debuting after November's US midterm elections in what could be one of the largest IPOs ever
- Holtec and Bamboo Insurance also suspended or delayed planned US IPOs earlier this month, while IPOX's Lukas Muehlbauer stressed the IPO window is "not closed"
Why it matters: Oura was profitable with a 90% revenue growth forecast and roughly 4x oversubscribed demand, yet still postponed — suggesting even healthy, in-demand issuers are unwilling to accept compressed valuations amid rising bond yields and Fed hike fears. The next major US IPO test now shifts to Anthropic, potentially debuting after November's midterm elections.
Ask SkimNews
