Oura delayed its $2 billion IPO citing market “uncertainty,” a term usually reserved for pandemics, wars, and tariff shocks, not when the Nasdaq is hitting record highs. Indications that the smart ring’s shares were likely to price at the low end of the $40-to-$44 range delayed the plans, a person familiar with the matter said.
The two big upcoming AI IPOs — OpenAI and Anthropic — are creating an attention and capital vortex, making it harder for the investors who back other tech IPOs to justify spending their time and money on much else. Other rallies have lifted all boats; this one is creating haves and have-nots.
“I just think this is a terrible year to go public,” Databricks CEO Ali Ghodsi said this summer.