Smart ring maker Oura postpones IPO due to market ‘uncertainty’

We tell you we got some breaking news right now for you about the planned I aura IPO. [music] That IPO has now been postponed. Company citing uncertainty in the IPO market. I've been doing a little bit of work on this to try to understand what's happened. But it looks like they would have ultimately had relatively strong demand at the lower end of the valuation. That seems to be why they have pulled this IPO. But the question now is whether this is another canary in the coal mine. We've had a number of IPOs including SB Energy a couple of data centers that have pulled their IPOs as well recently. And that's now raising some questions just about the IPO market more broadly and what that ultimately means as treasury treasury you know as treasury rates have have skyrocketed. Uh