US IPO Weekly Recap: Oura postpones $2.1 billion IPO and Accelevation trades off, adding to market jitters
RenaissanceCapital·
- Smart ring maker Oura postponed its planned $2.1 billion IPO due to market uncertainty and investor resistance to its $14.9 billion valuation.
- Power distribution products manufacturer Accelevation priced below its range to raise $540 million at a $4.1 billion market cap and finished the week down 2%.
- South Korean disaster prevention software provider Roze AI completed its Nasdaq direct listing, while Southport Acquisition II raised $200 million as the sole SPAC pricing of the week.