Reuters: IPOX® Associate Lukas Muehlbauer Comments on Oura IPO Delay and Market Conditions

Reuters reports that smart ring maker Oura postponed its planned U.S. IPO amid heightened market volatility and increasingly selective investor demand. Oura had marketed 50 million shares at an indicated price range of $40 to $44, which could have raised as much as $2.2 billion and valued the company at approximately $15.6 billion on a fully diluted basis.

IPOX® Associate Lukas Muehlbauer provided Reuters with perspective on the changing IPO environment, noting the impact of higher interest rates on investor appetite for growth companies while emphasizing that the broader IPO market remains open. He also pointed to Anthropic’s planned offering as an important upcoming test for the market.

“Higher rates are clearly making investors more selective, particularly on growth valuations. Still, I wouldn't say the IPO window is closed, especially with Anthropic still pushing ahead with what could be one of the largest IPOs ever,” Muehlbauer told Reuters.

Muehlbauer also commented on reported demand for Oura’s offering: “Reports indicated that the offering was around four times oversubscribed, which is a decent level of demand, but not necessarily overwhelming for a well-known consumer brand.”

Read the full article by Manya Saini on Reuters: Oura becomes latest US IPO hopeful to delay listing as market jitters deepen