Oura halted its Nasdaq listing just a week after launching the deal, shelving plans to sell 50 million shares and raise up to $2.2 billion.
IPO market uncertainty drove the delay, even though the smart-ring maker said investor demand was strong and its business had strengthened since the process began.
CEO Tom Hale said Oura can choose its timing and will keep executing on growth opportunities while waiting for conditions that support what it called an extraordinary IPO.
The postponement underscores how fragile the new-issue market remains, with companies still pulling back despite solid demand and improving operating performance.