Smart ring maker Oura is postponing its IPO, weeks after warning about the risk of AI disruption

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"We have the luxury of choosing our moment," Oura's CEO Tom Hale said in a statement announcing the IPO's postponement.

  • Oura, the smart ring maker, is postponing its highly anticipated IPO.
  • The company said the pause was being driven by uncertainty in financial markets.
  • In its IPO paperwork, Oura flagged risks around AI as a threat to its business.

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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