Oura, maker of the world’s smallest smart ring, announced Tuesday that it is postponing its previously announced initial public offering on Nasdaq, despite strong demand, due to uncertainty in the IPO market.
“Our mission is to empower people to live healthier, longer, and an IPO is just one step in our journey,” said Tom Hale, CEO of ŌURA. “We aim to deliver an extraordinary IPO for our employees and investors and we have the luxury of choosing our moment. In the meantime, we will execute against the opportunities ahead.”
According to a company press release, the company filed a Registration Statement on Form S-1 for the proposed securities offering with the SEC but it has not yet been declared effective. Securities cannot be sold, and offers to purchase cannot be accepted, until the registration statement is declared effective.
By CEO NA Editorial Staff
