Route one: requesting an IPO allocation
Four brokers have confirmed retail access to Oura's offering. Robinhood Securities, LLC is one of 18 underwriters, listed as co-manager; Robinhood Financial LLC is a separate selling-group entity (SEC Form S-1/A, Sept 21, 2026). Robinhood runs IPO Access (Robinhood Help Center, Sept 27, 2026) and discloses that Robinhood Ventures Fund I holds an equity stake in Oura (Robinhood, Sept 24, 2026). Fidelity lists Oura on its IPO calendar (Fidelity, Sept 27, 2026). SoFi says the Oura IPO is now available at SoFi Invest (SoFi, Sept 27, 2026). Coinbase opened Oura as the first deal on its new retail IPO channel, launched Sept 21, 2026 (Coinbase, Sept 21, 2026).
No announcement was found confirming Oura access through Charles Schwab or E*TRADE, even though Morgan Stanley (E*TRADE's parent) is a joint bookrunner. Interactive Brokers is explicit: it states it generally does not offer clients IPO participation at all, a general policy statement, not specific to Oura (Interactive Brokers on X, September 2025).
How the allocation steps work
The common pattern across brokers: open and fund an eligible account, meet any asset or account-history threshold, review the prospectus, then submit a conditional offer to buy or indication of interest after the price range becomes public. Fidelity requires reconfirming that interest after the SEC declares the registration effective and pricing is set, usually the evening of pricing (Fidelity, September 27, 2026).
Allocation is then discretionary or randomized, not first-come, first-served, and it is never guaranteed. Fidelity says institutional investors have historically received roughly 90% of an IPO versus about 10% for retail, though the split varies by deal (Fidelity, September 27, 2026). Selling too soon after allocation, flipping, triggers separate penalties at both Fidelity and Robinhood.
Route two: buying after OURA starts trading
Once Oura completes pricing, reported for September 29, 2026 (Bloomberg, September 25, 2026), and begins trading on the Nasdaq Global Select Market under OURA, any brokerage account can place an ordinary market or limit order, the same as for any other listed stock. No IPO eligibility or reconfirmation applies to this route; the trade price is set by the market, not by the $40.00 to $44.00 offering range, and can differ from it in either direction.
Segmara is a research publisher. It does not sell, broker or arrange purchases of Oura shares and gives no investment advice; nothing on this page is a recommendation to buy, sell or hold, and Segmara does not predict where the stock will trade.