Oura was expected to price its IPO the week of September 25, 2026, seeking a $15.6 billion valuation and a $2.2 billion raise, on revenue that doubled in the past year with about a quarter recurring and renewal rates of 83-88%. On September 30 it pulled the offering, citing IPO-market uncertainty, with no new date set, becoming the third company that month to halt. Six IPOs are now postponed, and one of Oura's largest investors wanted to sell her entire stake. The discussion has shifted from churn and whether renewal rates hold to whether a paused IPO ever happens at all; the historical base rate is that most companies that pause never go public.