Oura delays IPO citing 'uncertainty'
Indications that the smart ring’s shares were likely to price at the low end of the $40-to-$44 range delayed the plans, a person familiar with the matter said.
Oura, the maker of the smart ring known for tracking health and wellness metrics, has announced a delay to its planned $2 billion IPO due to market uncertainty. The company cited the current market conditions, characterized by the Nasdaq hitting record highs and the attention and capital being diverted towards AI-focused IPOs such as OpenAI and Anthropic.
This decision comes as a reflection of the challenging investment climate, with Databricks CEO Ali Ghodsi echoing similar sentiments, stating that "this is a terrible year to go public."
Brief written by urgent.news from Semafor's own syndicated 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
- Oura becomes latest US IPO hopeful to delay listing as market jitters deepen channelnewsasia.com
- Smart ring maker Oura postpones public listing due to 'uncertainty in the IPO market' fiercehealthcare.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
