Smart ring maker Oura Inc. has delayed its US initial public offering due to market uncertainty, becoming the latest company to postpone a debut. The wearable technology startup, led by CEO Tom Hale, was targeting a raise of up to $2.2 billion on Nasdaq. Despite drawing about four times oversubscription in investor orders, the company chose to wait for a more favorable moment.

This decision follows recent IPO postponements by Holtec Nuclear Corp. and Bamboo Insurance Services Inc. Oura aims to deliver an extraordinary offering for its employees and investors, noting the business has strengthened since the IPO process began. The delay highlights ongoing caution in the US public markets ahead of other high-profile listings.