Hours before Oura, the smart-ring maker behind one of the season’s most closely watched IPOs, was expected to price its shares, CEO Tom Hale delivered a stunning announcement: The company was calling off its public debut, at least for now.
The explanation Oura gave was simple: “uncertainty in the…
Oura canceled its expected out-to-market hours before fixing the price of its shares. The company claimed market uncertainty, but its valuation, supply structure and Apple’s competition fueled Wall Street’s questions.