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Health and fitness ring-maker Oura Inc. became the latest company to delay a US initial public offering, citing uncertainty in the market for first-time share sales.
The wearable technology startup announced it was postponing the offering in a statement Tuesday without elaborating on the uncertainty. Oura and some of its backers were looking to raise as much as $2.2 billion in the IPO, which had drawn about four times as many orders as there were shares available, Bloomberg reported last week.