Oura Hits Pause On IPO While Anthropic鈥檚 Prospectus Reveals The Cost Of Its AI Ambitions

Artificial intelligence • Health, Wellness & Biotech • IPO • Public Markets • SPAC

Oura Hits Pause On IPO While Anthropic鈥檚 Prospectus Reveals The Cost Of Its AI Ambitions

September 29, 2026

Image of robotic figures racing to an IPO finish line, to illustrate companies heading toward the public markets. [Dom Guzman]

Mary Ann Azevedo

Smart ring maker was supposed to price its initial public offering on Tuesday. Instead, the company announced it is , citing 鈥渕arket uncertainty.鈥�

Meanwhile, on Monday, details from AI giant 鈥檚 IPO prospectus, giving potential investors a peek into its financials.

Oura had planned to offer 50 million shares at $40 to $44 apiece and was expected to begin trading Wednesday. At the top of that range, the offering would have raised $2.2 billion. The company says it is delaying the deal despite strong demand and has not set a new date. CEO said Oura has 鈥渢he luxury of choosing our moment.鈥�

Anthropic is still moving toward an IPO, although its timing remains unclear. A prospectus leaked by Reuters showed that revenue climbed twelvefold to nearly $4.6 billion in 2025 with an operating loss of $8.06 billion. Its staggering nearly $42 billion net loss included roughly $34 billion in accounting charges tied largely to earlier financing.

The document also outlined an eye-watering $518 billion in future cloud, computing and infrastructure obligations. Reuters has reported that a listing is likely to come after the November midterm elections.

Anthropic, the world’s most valuable venture-backed startup, has indicated it plans to beat rival to the public markets. The company could debut as soon as October and raise up to $100 billion via the offering, according to a recent in , while OpenAI, which Reuters says filed confidentially in June, is reportedly now looking toward early 2027.

(兔子先生传媒鈥檚 predictive intelligence tools, meanwhile, point to a slightly longer timeline for an Anthropic IPO, saying it鈥檚 more likely to happen in six to 12 months.)

Who鈥檚 next

So far, the 2026 IPO class already has a record-setting headliner in .

There are some other candidates. -backed AI cloud provider filed publicly this month , reporting $140.6 million in first-half revenue and a $1.02 billion net loss. , a -backed specialty insurance underwriter, on Sept. 24.

Neither has announced a trading date.

Data center operator is another possible fourth-quarter entrant. Reuters that it had hired banks for an IPO that could raise as much as $10 billion, although the timing remains subject to change.

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