Oura halts IPO, citing market uncertainty
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View chart & analysis → - 1Smart ring manufacturer Oura has suspended its initial public offering (IPO).
- 2Oura's oversubscription ratio was 5x, and based on the upper end of the proposed $40-$44 per share range, Oura's fully diluted enterprise value was over $15 billion.
- 3Experts point out that the cause may be the company's valuation or the competitive environment rather than market conditions.
So what's the key point?
Oura, a maker of smart rings, has stopped its plans to list on the stock market. Experts say this could be due to how the company is valued or the competitive landscape.
Source Fortune · View original ↗
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