Story perspectives

Robinhood joins Oura IPO underwriting, first underwriting role

9/8/2026

Summary

Robinhood Underwrites Oura

Robinhood Markets Inc. joined the Oura IPO underwriting syndicate, marking its first underwriting role.
Robinhood received regulatory approval to underwrite deals in June 2026.
Oura filed for an IPO seeking a valuation exceeding $16 billion, with 18 underwriters including Robinhood.
Robinhood partnered with Crypto.com to add yes-or-no event contracts to its prediction-markets platform.
Robinhood shares traded 3.28% higher at $126.11 following the announcement.

Summary

Robinhood Backs Oura

Oura reported $1.4 billion revenue and $60.77 million net earnings for the twelve months, a 74% YoY increase.
Oura serves 5 million paying subscribers, with 94% converting to paid memberships and 85% 12-month retention.
Robinhood Ventures Fund I holds a 3.64% stake in Oura.
Former Robinhood CFO Jason Warnick sits on Oura’s board.
Robinhood posted Q2 2026 net income of $561 million and diluted EPS of $0.62, more than doubling revenue since early 2024.

History

Historical Context

In April 2013 Vladimir Tenev and Baiju Bhatt founded Robinhood, launching a commission-free app that sparked fintech disruption. That December the startup closed a $3 million seed round led by Index Ventures, with Andreessen Horowitz among investors. Its 2024 underwriting of health-tech firm Oura and partnership with Crypto.com echo the original mission to broaden market access.

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Robinhood Underwrites Oura

Robinhood Markets Inc. joined the Oura IPO underwriting syndicate, marking its first underwriting role.
Robinhood received regulatory approval to underwrite deals in June 2026.
Oura filed for an IPO seeking a valuation exceeding $16 billion, with 18 underwriters including Robinhood.
Robinhood partnered with Crypto.com to add yes-or-no event contracts to its prediction-markets platform.
Robinhood shares traded 3.28% higher at $126.11 following the announcement.

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