Smart ring maker Oura has postponed its planned initial public offering, citing uncertainty in the IPO market even as the company said demand for the offering had been strong.
Oura said Tuesday that it was making the decision despite what it described as strong demand. The company had planned to offer 50 million shares at an expected price of between $40 and $44 each, according to an amended registration statement filed with the U.S. Securities and Exchange Commission on Sept. 21. That range implied a maximum offering size of about $2.2 billion before any additional shares purchased by underwriters.
