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Oura shelves its $2.2B IPO citing ‘uncertainty’ in the market
The postponement of the IPO will delay some of the company's plans for its proceeds from the IPO, as well as those of its shareholders.
Via TechCrunch
·Excerpt
Smart ring maker Oura has postponed its up to $2.2 billion IPO indefinitely, citing “uncertainty in the IPO market.”
The company, which had filed to offer 55 million shares at a range of $40 to $44 each in the IPO, did not provide additional details. The IPO would have valued Oura at up to $15 billion at the mid-point of that range.
“Our mission is to empower people to live healthier, longer, and an IPO is just one step in…
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