Oura, the AI-driven health monitoring ring, just pulled their $2.2B IPO citing "uncertainty in the IPO market".
Oura, the AI-driven health monitoring ring, recently withdrew its $2.2 billion IPO, publicly citing "uncertainty in the IPO market." However, an analysis of the IPO filings suggests a different reason. Approximately $1.5 billion of the funds raised would have gone to selling parties, with only about $567 million allocated to Oura. Furthermore, roughly 93% of Oura's portion was earmarked for employee tax withholding, leaving almost no capital for business growth.
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PublishedOffset at this time: UTC+0Oct 29, 2026, 00:11 UTC
IngestedOffset at this time: UTC+0Oct 29, 2026, 05:00 UTC
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- Oct 29, 2026, 00:11
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- Oct 29, 2026, 05:00
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Gabriel Jarrosson (from Lobster Capital) went through the IPO filings line by line. That’s a cover story, and the real reason is sitting in one number.
Some of what he covers:
- Of the 50 million shares on offer, 36.5 million were existing shareholders cashing out
- Which means only about $567 million was going to Oura, and roughly $1.5 billion to the people selling
- About 93% of what Oura would have raised was earmarked for employee tax withholding, so almost nothing left to grow the business