Oura postpones US IPO after launch despite reported strong investor demand
Oura has postponed its US initial public offering, citing market conditions and uncertainty in the IPO market. Bloomberg had reported the deal could raise as much as $2.2 billion and had attracted roughly four times more orders than shares available.
TLDR
Oura has postponed its US initial public offering, becoming one of the latest companies to delay a stock market debut amid a shakier market for new listings. The smart ring maker cited market conditions, while Fast Company reported Oura said the move came despite strong demand and blamed uncertainty in the IPO market. Bloomberg had previously reported that Oura and some backers were seeking to raise as much as $2.2 billion and that the deal had drawn about four times as many orders as available shares. CEO Tom Hale said the company has the luxury of choosing its moment and will keep executing on its plans in the meantime.
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