HardwareFortuneabout 3 hours ago
Oura Delays IPO Citing Market Uncertainty
6 min read
On Sept. 29, Oura CEO Tom Hale delayed the company's pending initial public offering, citing uncertainty in the IPO market. The firm had proposed selling 50 million shares at $40 to $44 apiece, targeting a fully diluted valuation of $15.6 billion. Investors expressed concern that the deal structure favored existing shareholders over the company itself.
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