Oura Delays Nasdaq IPO, Clouding Coinbase’s First Retail Offering
The smart-ring maker cited uncertainty in the IPO market despite strong demand for its planned offering of up to $2.2 billion.
Oura postponed its planned Nasdaq initial public offering on Sept. 29, interrupting the first retail IPO opportunity offered through Coinbase’s app as market conditions remain uncertain.
The smart-ring maker said it was delaying the listing despite strong demand. Oura had launched the offering on Sept. 21, planning to sell 50 million shares for as much as $2.2 billion.
The IPO was also the first deal made available to eligible U.S. retail customers through Coinbase’s online brokerage platform. The offering marked Coinbase’s expansion into primary-market stock access beyond its core cryptocurrency business.
Oura did not provide a new listing date in the announcement. The company said it retained flexibility to choose the timing of the IPO.
