The maker of Zuckerberg's "favorite" smart rings has postponed its IPO due to "uncertainty"
This is at least the third major IPO to be canceled at the last minute in September
Oura had planned an IPO on Nasdaq / Photo: Oura
Oura, a manufacturer of smart rings, has postponed its initial public offering, which was scheduled for September 30, due to “uncertainty in the IPO market.” The company made this decision despite strong demand for its shares, according to its statement.
“We are committed to delivering an exceptional IPO in the best interests of our employees and investors, and we have the privilege of choosing the right moment. In the meantime, we will capitalize on the opportunities that arise,” said Oura CEO Tom Hale (his remarks are quoted in the press release).
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