00:00Smart ring maker Aura is postponing its planned initial public offering,
00:04citing uncertainty in the broader market. The company has reported strong growth,
00:09including an expected 90% increase in annual revenue and a paid subscriber base of roughly
00:145.7 million. But higher interest rates, rising bond yields, and concerns about AI-related spending
00:21have contributed to a weaker IPO environment. Aura says it will wait for more favorable conditions
00:27before moving ahead with a public listing.
