Oura postpones IPO, citing uncertainty in the IPO market

Fortune reports that Oura called off its IPO on September 29, hours before it was expected to price shares, citing “uncertainty in the IPO market.” The offering could have raised up to $2.2 billion, with existing shareholders slated to sell 73% of the shares. Analysts interviewed by Fortune questioned whether the valuation, deal structure or wearables competition played a role.