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المشهد العربي
Aura IPO delayed by market swings
Aura, a company specializing in the production of smart rings, has postponed its initial offering on the U.S. market (Wall Street) due to market fluctuations, despite strong demand for the IPO. The company aimed to raise approximately $2.2 billion by offering 50 million shares at a price range of $40 to $44 per share, with a valuation reaching up to $15.62 billion at the upper end. CEO Tom Hail explained that the company retains the option to choose the optimal timing to complete the offering, in order to serve the interests of employees and investors.
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