Oura delays planned $2 billion IPO as Axios flags possible cooling in listings market
Oura has delayed a planned $2 billion IPO. Axios reports the wearable maker struggled to get its target price amid bond-yield and oil-price volatility, a possible sign the hot U.S. listings market is cooling.
TLDR
Oura has postponed a planned $2 billion initial public offering, and Axios reports the company struggled to get the price it wanted as bond-yield and oil-price volatility rattled markets. Axios frames the delay as a possible sign that the hot U.S. IPO market is cooling. The outlet also suggests the slowdown could reflect caution ahead of an expected Anthropic listing before year-end. Axios reports Anthropic’s prospectus is reportedly circulating and that the company is expected to debut on Nasdaq in November, with various reports pointing to a valuation above $2 trillion and proceeds of $100 billion or more.
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