9月29日：智能戒指制造商Oura周二表示，受市场不确定性影响，公司已推迟在美国进行首次公开募股（IPO），这也削弱了外界对其在 traditionally 强势的秋季上市窗口期加快上市进程的期待。
Sept 29 : Oura has delayed its US initial public offering, the smart ring maker said on Tuesday, citing market uncertainty and denting hopes for a pickup in the traditionally strong fall listings window.
美国IPO市场在年初强劲开局后遭遇波折。随着投资者开始担忧人工智能相关交易是否已走到尽头，加之美联储加息和地缘政治动荡，市场面临压力。
The US IPO market has hit a bump after a strong start to the year, as investors grapple with concerns that the AI trade has run its course, the Federal Reserve's interest-rate hike and geopolitical turmoil.
这家消费科技公司及其部分现有投资者此次计划营销5000万股，指示性发行价格区间为每股40美元至44美元。
The consumer technology company and some of its existing investors had marketed 50 million shares in the offering priced in an indicated range of $40 to $44 apiece.
若按价格区间上限发行，Oura将募资22亿美元，全面摊薄后估值将达到156.2亿美元。
At the top of the indicated range, Oura would have raised $2.2 billion at a fully diluted valuation of $15.62 billion.
该公司于十多年前在芬兰成立，去年在一轮后期融资中估值达到约110亿美元。
The company, founded more than a decade ago in Finland, reached a valuation of about $11 billion in a late-stage funding round last year.
企业若想通过IPO实现预期估值，通常需要稳定的投资者需求和有利的市场环境。
IPOs typically require stable investor appetite and supportive market conditions for companies to achieve their desired valuations.
把握市场时机 此次发行原本将成为美国市场在传统夏季淡季结束后首笔规模较大的秋季IPO。分析人士认为，Oura的上市将是检验投资者对高增长公司兴趣的关键试金石。
TIMING THE MARKET The offering would have been the first sizable fall market US IPO since the traditional summer lull, with analysts viewing Oura's debut as a key test of investor appetite for high-growth companies.
本月早些时候，核能服务公司Holtec因针对人工智能相关领域大规模资本投入的审查日益加强，暂停了原定在美国进行的IPO。
Earlier this month, nuclear services company Holtec suspended its planned US IPO amid increased scrutiny of vast capital being deployed in sectors related to AI.
Oura首席执行官汤姆·黑尔在一份声明中表示：“我们的目标是为公司员工和投资者打造一场非同寻常的IPO，而我们也有从容选择时机的优势。与此同时，我们将积极把握未来的机会。”
"We aim to deliver an extraordinary IPO for our employees and investors and we have the luxury of choosing our moment. In the meantime, we will execute against the opportunities ahead," Oura CEO Tom Hale said in a statement.
公司表示目前已实现盈利，并预计2026财年营收将较上一年增长90%。
The company said it was profitable and forecast revenue to jump 90 per cent in fiscal 2026 from a year earlier.
Oura推动了智能戒指的普及，这类产品可以追踪心脏健康、活动和睡眠等指标。
Oura has helped popularize smart rings, which track metrics such as heart health, activity and sleep.
公司还表示，旗舰产品Oura Ring 5上市后的市场反响“异常热烈”，其平台付费会员人数已增至570万。
It added that the response to the launch of its flagship Oura Ring 5 has been "exceptionally strong," bringing the number of paid members on its platform to 5.7 million.
智能戒指正在传统健身追踪器与智能手表之间开辟一片细分市场，以更小巧、无屏幕的形态提供个性化健康数据，可全天候佩戴，且通常拥有更长的电池续航。
Smart rings are carving out a niche between traditional fitness trackers and smartwatches, offering personalized health insights in a smaller, screen-free form that can be worn around the clock and typically has longer battery life.