Oura, the maker of smart rings that track metrics such as heart health, activity and sleep, has delayed its planned initial public offering in the United States, according to multiple outlets.
The company is joining a broader wave of IPO delays as stock market conditions have grown shaky this fall, Reuters and The Straits Times reported.
According to Forbes, Oura attributed the postponement to market "uncertainty."
The Times reported that Oura had been planning a float valuing the company at $15 billion, though this figure was not confirmed by other outlets.
How each side covered it
Left
- The Verge reported simply that Oura is delaying its IPO.
“Oura is delaying its IPO.” — The Verge
Center
- Reuters and The Straits Times framed Oura's delay as part of a broader wave of IPO postponements amid market jitters.
- The Straits Times noted Oura's role in popularizing smart rings that track heart health, activity and sleep.
- Forbes reported that Oura cited market "uncertainty" as the reason for the postponement.
“Oura joins wave of IPO delays as markets turn shaky” — Reuters
Right
- The Times highlighted the reported $15 billion valuation tied to Oura's planned float.
“Smart ring maker Oura delays plans for $15bn float” — The Times
Questions readers ask
What happened with Oura's IPO?
Oura, maker of health-tracking smart rings, delayed its planned initial public offering in the United States, citing uncertain market conditions, according to multiple outlets.
Why did Oura delay its IPO?
Outlets reported that Oura pointed to market uncertainty and broader stock market jitters affecting IPOs this fall as reasons for the delay.
How much was Oura's IPO expected to value the company?
According to The Times, Oura's planned float was expected to value the company at $15 billion; this figure was not reported by other outlets.
Is Oura the only company delaying its IPO?
No. Reuters reported that Oura is joining a wider wave of companies delaying their IPOs amid shaky market conditions.
Sources · 11 outlet reports
- Associated PressLeft-leaningSmart ring maker Oura puts off initial public offering due to market ‘uncertainty’
- Business InsiderLeft-leaningSmart ring maker Oura is postponing its IPO, weeks after warning about the risk of AI disruption
- The VergeLeft-leaningOura is delaying its IPO.
- AxiosCenterSmart-ring maker Oura delays $2 billion IPO
- ForbesCenterSmart Ring Maker Oura Postpones IPO—Blames Market ‘Uncertainty’
- ReutersCenterOura delays US IPO as fall market jitters deepen
- TechCrunchCenterOura shelves its $2.2B IPO citing ‘uncertainty’ in the market
- The Straits TimesCenterSmart ring maker Oura delays US IPO as fall market jitters deepen
- The Wall Street JournalCenterOura Postpones IPO Over Market Uncertainty
- The TimesRight-leaningSmart ring maker Oura delays plans for $15bn float
- The Washington TimesRight-leaningSmart ring maker Oura puts off initial public offering due to market 'uncertainty'