Oura becomes latest US IPO hopeful to delay listing as market jitters deepen
Oura, a smart ring maker, postponed its U.S. initial public offering (IPO) on Tuesday due to volatile markets and waning investor interest. The company had aimed to raise $2.2 billion at a valuation of $15.62 billion if the IPO priced at the higher end of its indicated range of $40 to $44 per share. Market conditions, including rising bond yields, potential Federal Reserve rate hikes, and geopolitical concerns, have dampened investor appetite for new listings.
Even strong businesses are facing increased scrutiny. Mergermarket's Samuel Kerr explained that the IPO market has changed significantly in recent weeks. Despite the setback, IPOs like Anthropic's are still anticipated later in the year, offering a possible test of investor appetite for high-growth companies.
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