Oura becomes latest US IPO hopeful to delay listing as market jitters deepen
Oura, a maker of smart rings, has postponed its US initial public offering (IPO) amid deepening market jitters. The consumer technology company, founded in Finland, was set to sell 50 million shares priced between $40 and $44 apiece, potentially raising $2.2 billion at a fully diluted valuation of $15.62 billion. The delay comes as the US IPO market suffers from volatile conditions and investor concerns over the sustainability of high valuations in AI infrastructure.
Mergermarket's Samuel Kerr noted that even strong businesses with impressive economics are facing increased scrutiny. Despite the setback, IPOs remain a possibility, with Anthropic expected to lead the second-half IPO market following the US midterm elections. Oura CEO Tom Hale expressed confidence in the company's future prospects, highlighting a profitable business and projected revenue growth.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Oura stock listing in limbo as smart ring startup delays IPO just days after launching it fastcompany.com
- Smart ring maker Oura postpones public listing due to 'uncertainty in the IPO market' fiercehealthcare.com
- Oura delays IPO citing 'uncertainty' semafor.com
- Smart Ring Maker Oura Postpones IPO Due to Market ‘Uncertainty’ bloomberg.com
- Smart ring maker Oura postpones IPO due to market 'uncertainty' cnbc.com
- Oura is postponing its $2.2 billion smart ring IPO, citing market uncertainty qz.com
- Smart Ring Maker Oura Postpones IPO—Blames Market ‘Uncertainty’ forbes.com
- Oura postpones IPO citing market uncertainty seekingalpha.com
