00:00It's Benzinga bringing Wall Street to Main Street
00:02Smart ringmaker Ura is delaying its initial public offering due to uncertainty in the
00:06IPO market, according to the Wall Street Journal.
00:08The company had planned to list on the Nasdaq as soon as this month and was expected to
00:12seek a valuation above the $11 billion reached in a funding round last year.
00:16Ura reported $1.21 billion in revenue for the nine months ended June 30, up 74% from
00:23a year earlier.
00:24Profit rose to $60.8 million from $1.6 million.
00:28Founded in Finland in 2013, Ura sells smart rings that track health indicators including
00:33heart rate, body temperature and sleep.
00:35The company says it has 5 million paying members.
00:38For all things money, visit Benzinga.com
