TNW | Investors-funding
Oura postpones its $2.2bn IPO, citing market uncertainty
The Finnish smart ring maker had aimed to raise up to $2.2bn. The Oura IPO now has no new date, after four US listings stalled in a single week.
Via TNW | Investors-funding
·Excerpt
Oura has postponed its Nasdaq IPO, citing “uncertainty in the IPO market”. The Finnish-founded smart ring maker said so in a statement on Tuesday, a week after it launched the offering.
It said it is postponing “despite strong demand”, and gave no new date. Oura had planned to sell 50 million shares at $40 to $44 each, raising up to $2.2bn. Existing shareholders were selling 36.5 million of them, as we reported when Oura launched the offering.
“We aim to…
Courtesy
This story was originally published by TNW | Investors-funding. All rights belong to the original publisher.
Read the original on thenextweb.com ↗