Smart ring maker Oura puts off initial public offering due to market ‘uncertainty’
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NEW YORK (AP) — 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 IPO “despite strong demand.”
The IPO market had a solid start to the year but tailed off in the third quarter, according to research firm Renaissance Capital. Concerns about a possible slowdown in spending on artificial intelligence, the Federal Reserve’s resumption of rate hikes and a surge in bond yields —
In a Tuesday press release, Oura said it’s delaying the IPO “despite strong demand.”
The IPO market had a solid start to the year but tailed off in the third quarter, according to research firm Renaissance Capital. Concerns about a possible slowdown in spending on artificial intelligence, the Federal Reserve’s resumption of rate hikes and a surge in bond yields —
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