Smart ring maker Oura puts off initial public offering due to market ‘uncertainty’
Oura, a maker of smart rings, is delaying its initial public offering due to market uncertainty. The company's first annual payment is $205.00 plus GST for one year, with automatic renewal at $233.00 plus GST every 52 weeks. Oura's IPO had a strong start but slowed in the third quarter due to market concerns, including potential AI slowdown, Federal Reserve rate hikes, and rising bond yields.
The ring is used by customers to monitor health metrics like sleep and fitness. The company expects revenue growth of 90% for the fiscal year ending this Wednesday.
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Also reported by 6 other outlets
- Smart ring maker Oura delays US IPO as autumn market jitters deepen straitstimes.com
- Oura puts $2.2 billion IPO on hold as US listing market turns uncertain gulfnews.com
- Oura shelves its $2.2B IPO citing ‘uncertainty’ in the market techcrunch.com
- Oura delays US IPO, adding to fall market jitters channelnewsasia.com
- Oura says it is delaying its Nasdaq IPO due to uncertainty in the market, despite "strong demand" and a strengthening of its business since the process started (April Roach/CNBC) cnbc.com
- Oura delays US IPO, adding to fall market jitters economictimes.indiatimes.com
