Oura And Anthropic's IPOs Both Now Sitting In October logo

Oura And Anthropic's IPOs Both Now Sitting In October

Oura's roadshow is still waiting on a price range and Anthropic has pushed to mid-October, leaving the two most-watched listings of the year both sitting past their original fall targets at the same time.

By the Numbers

$16B+
Oura target valuation
$1.21B
Oura 9mo revenue
Mid-October
Anthropic new target
$15B
Anthropic credit line
TC
By the IPO Desk
Edited by Trace Cohen · Early-stage VC & angel · Founder, New York Venture Partners
1 min read
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THE RUNDOWN

1

Oura publicly filed its S-1 on September 3 targeting a valuation above $16B on revenue that reached $1.21B for the nine months to June 30, but has not yet set a roadshow date or price range as of this week.

2

Anthropic has pushed its own listing from a late-September target to mid-October, timed around finalizing a $15B credit facility, per Pulse's earlier coverage.

3

Both companies sitting in limbo simultaneously means the two most closely watched listings of 2026 could now price within weeks of each other rather than sequentially, concentrating investor and banker attention into a compressed window.

4

Underwriter bandwidth is a real constraint: Goldman Sachs, Morgan Stanley and JPMorgan all sit on both deals' bank groups, and a compressed pricing window tests how much simultaneous mega-deal capacity Wall Street's IPO desks actually have.

TC

The VC Read · Trace's Take

Trace Cohen

Shared underwriters on both the year's biggest deals is the diligence angle most people skip -- ask any banker on either syndicate how they're staffing two mega-roadshows in the same window, because that capacity constraint can move pricing more than either company's own fundamentals will.

Analysis

Two of 2026's most anticipated listings, Oura and Anthropic, are both sitting later than originally planned at the same time. Oura filed its S-1 publicly on September 3, per CNBC, targeting a valuation above $16 billion on revenue that reached $1.21 billion for the nine months ended June 30 -- up 74% year over year -- but has not yet disclosed a share price range or set a formal roadshow date.

Anthropic, meanwhile, has pushed its own IPO timeline from a late-September target to mid-October, a shift Pulse covered earlier as tied to finalizing a $15 billion credit facility ahead of the listing.

The overlap matters because both deals share underwriters: Goldman Sachs, Morgan Stanley and JPMorgan all sit on the bank groups for both offerings, alongside a long list of additional underwriters on each. If Oura's price range lands in the next few weeks as expected and Anthropic holds its mid-October target, the two largest tech listings of the year could end up pricing within days or weeks of each other rather than sequentially -- a real test of how much simultaneous mega-deal capacity institutional investors and the banks marketing both deals actually have.

byTheNumbers below tracks where each stands as of this week; neither has priced, and both remain subject to further slippage if market conditions shift before their respective roadshows launch.

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Key Sources

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