Oura Pauses IPO Plans

Smart ring maker Oura postpones its initial public offering due to market uncertainty.

Smart ring maker, Oura, has postponed its initial public offering due to uncertainty in the IPO market, despite strong demand. The company had planned to offer 50 million shares at a price between $40 and $44 each, with a maximum offering size of about $2.2 billion before any additional shares purchased by underwriters. Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Company and Jefferies were among the lead banks working on the offering. Oura had applied to list on the Nasdaq Global Select Market under the ticker symbol "OURA." The company's public filings show that it had been expanding rapidly before the IPO was postponed.

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