Smart ring maker Oura postpones IPO citing market uncertainty

Summarised from 3 outlets · Updated 29 Sept, 20:49 · Archive

Oura has postponed its planned initial public offering due to market uncertainty.

Smart ring maker Oura has delayed its planned initial public offering, citing uncertainty in the IPO market. The company said the postponement comes despite strong demand and strengthening of the business since beginning the IPO process. The San Francisco startup was expected to command a valuation well above eleven billion dollars.

How it is being reported

• Smart ring maker Oura yanks IPO at last minute – latest company to pump brakes over ‘market uncertainty’The San Francisco startup was likely to command a valuation well above the $11 billion but cited "uncertainty in the IPO market” in delaying its listing.New York Post · 29 Sept, 20:29
• Smart ring maker Oura puts off initial public offering due to market ‘uncertainty’Researchers say the IPO market was off to a solid start but tailed off in the third quarter Smart ring maker Oura Inc says it is postponing a planned initial public offering due to market “uncertainty”. In a Tuesday press release, Oura said it’s delaying the stock market float “despite strong demand”. Continue reading...Guardian Technology · 29 Sept, 18:57
• Smart ring maker Oura postpones IPO due to market 'uncertainty'Oura said the delay comes despite "strong demand" and a strengthenthing of the business since the start of the IPO process.CNBC · 29 Sept, 11:09

In this story: Oura · San Francisco

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