Oura postpones IPO, citing market volatility

Oura, the company behind the health-tracking smart ring, is putting its planned Nasdaq IPO on hold due to what it calls unpredictable market conditions. The company was aiming to raise up to $2.2 billion at a share price between $40 and $44 but decided to wait, saying demand was high but timing wasn't right. Oura says it remains profitable and expects revenue to nearly double by 2026.

• Oura postponed IPO soon after launching its plans
• Was targeting up to $2.2 billion from sale
• Cited 'market uncertainty' as the reason for the delay
• Company says it's profitable and growing fast
• Fall IPOs have slowed due to market volatility