Watch Desk posted an update
Oura has postponed its planned Nasdaq listing, citing uncertainty in the IPO market, CNBC reports. The company says demand remains strong and its business has strengthened since the listing process began.
Why it mattersThe delay means investors will have to wait for Oura to set out a new timetable. For a maker of smart rings, it is a useful signal about public-market appetite for wearable technology, though not a verdict on the product itself.
Discuss: Should a strong business wait for friendlier IPO conditions, or list while investor demand is there?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.