Oura shelves its $2.2B IPO citing ‘uncertainty’ in the market
Published . Updated .
The postponement of the IPO will delay some of the company's plans for its proceeds from the IPO, as well as those of its shareholders.
Directly affected
- OURA Oura
Named in this report.
Indirectly affected
- SPY SPDR S&P 500
The broad U.S. stock market
- TLT iShares 20+ Year Treasury Bond
Long-term U.S. government bonds
- QQQ Invesco QQQ
Large technology stocks
- GLD SPDR Gold Shares
Gold can move with the broad market
Price reaction, T-5 to T+3
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The postponement of the IPO will delay some of the company's plans for its proceeds from the IPO, as well as those of its shareholders.
Source: TechCrunch
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