Home›US Markets›IPOs›Oura delays its US IPO plan days after announcing a $1…

Oura delays its US IPO plan days after announcing a $15bn valuation

The company had filed to raise up to $2.2bn in the offering, but postponed the flotation citing uncertainty in the IPO market.

Reported · Written up by our desk · IPOs

Oura, the wearable technology maker of smart rings that track users' health, has pulled its plan to sell shares on the US stock market just days after announcing the deal, which would have valued the company at $15bn.

In a statement, Oura said it would postpone its flotation due to uncertainty in the initial public offering market and did not provide a timetable for when it might proceed, according to BBC Business.

The firm had filed official documents to raise up to $2.2bn by offering shares in the business just over a week earlier, and it described an IPO as one step in its journey while saying it has the ability to choose the timing.

BBC Business noted Oura is among businesses delaying public listings as the IPO market becomes more challenging, and referenced Holtec International, which postponed its own flotation this month.

More like this

Sources