Oura Postpones Stock Debut as Leaked Anthropic Prospectus Details $518 Billion Compute Commitments

Smart ring maker Oura has postponed its planned initial public offering, citing market uncertainty, while leaked financial filings from AI developer Anthropic shed light on the massive capital requirements of frontier artificial intelligence, as reported by Crunchbase News (https://news.crunchbase.com/public/oura-pauses-ipo-anthropics-ai-openai/).

Oura had planned to price an offering of 50 million shares at $40 to $44 apiece on Tuesday ahead of an expected trading debut on Wednesday, a transaction that would have raised up to $2.2 billion. Despite reporting solid investor demand, the company opted to delay the deal without setting a revised date. Chief Executive Officer Tom Hale stated that Oura has "the luxury of choosing our moment."

Separately, details from Anthropic's IPO prospectus reported by Reuters show the venture-backed startup generated nearly $4.6 billion in revenue in 2025, a twelvefold increase year over year. The expansion came alongside an operating loss of $8.06 billion and a net loss of nearly $42 billion, which included roughly $34 billion in accounting charges primarily tied to earlier financing rounds.

The filing outlined $518 billion in future commitments for cloud, computing, and infrastructure resources. Anthropic, currently the world's most valuable venture-backed startup, is seeking a public listing ahead of rival OpenAI. The Wall Street Journal previously reported Anthropic could debut as soon as October and raise up to $100 billion, while Reuters noted an offering is more likely following the November midterm elections. OpenAI, which submitted a confidential filing in June, is reportedly eyeing an IPO window in early 2027.

The pipeline for technology public offerings in 2026 includes several other large private issuers following SpaceX. Nvidia-backed AI cloud provider Nscale filed publicly this month, reporting $140.6 million in first-half revenue and a $1.02 billion net loss. Specialty insurance underwriter The Fidelis Partnership filed on Sept. 24, while data center operator Switch hired investment banks in July for a prospective offering that could raise up to $10 billion.