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Oura, the smart ring maker, has postponed its IPO, citing "market uncertainty."
The company said it had seen "strong demand" for its stock market launch and expects revenue to increase by 90% year-on-year in the 2026 financial year.
Oura was set to launch on the tech-heavy Nasdaq, which has grown 15% so far in 2026, but has seen its gains stunted in recent weeks amid rising fears about the potential dangers of AI, and widening calls for a slowdown in the tech.
Oura confirmed its plans for an IPO earlier in September after months of speculation, revealing in regulatory filings that it made $1.4 billion in revenue and $59 million in net income in the one-year period that ended in June.
In its S-1 filing, the company noted that it is exposed to risks around AI as it relies on outside models from firms like OpenAI, Anthropic, and Google, and on third-party data centers, adding that disruptions to the data centers could impact the company.
"We aim to deliver an extraordinary IPO for our employees and investors and we have the luxury of choosing our moment. In the meantime, we will execute against the opportunities ahead," Oura's CEO Tom Hale said in a statement announcing the delay.
This is a developing story.
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Will Martin is a senior business editor with 10 years of experience in various roles at Business Insider. He works with a team of reporters and editors to cover everything business, with a special focus on consulting, financial markets, and the aviation industry.Prior to working on the business news team, Will led Insider's sports coverage in the company's London bureau, publishing award-nominated work on alleged gang involvement in elite boxing, deeply-reported features on a civil war in Olympic sport modern pentathlon, and profiles of some of the biggest rising-stars in soccer.Before joining the sports team, Will spent a year as an associate editor on Insider's global news team. Before that, Will worked as a markets and economics reporter for Business Insider for more than three years.During his time with the news team, Will assigned and edited reporting and features on everything from the Boeing 737 Max crisis, to the persecution of Uyghur Muslims in China, to global geopolitics, and even a Barack Obama-themed service station in Ireland.He also personally reported on allegations of illegal mass human organ harvesting in China.Prior to working for Insider, Will earned a BA in International Relations from the University of Exeter and an MA in Financial Journalism from City, University of London.
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