Jason Lemkin sees Oura pulling its IPO despite about $1.2B and 74% growth as a bad signal for venture liquidity. Listen
Jason Lemkin said that, despite talk of easy liquidity and frequent M&A, a company at this scale and growth with attractive recurring revenue failed to complete its IPO. He acknowledged it may have been overpriced and that Forerunner selling its entire stake was a large part of the offering. Dev Ittycheria speculated, without inside information, that price was the cause and that the optics of a holder selling its full position hurt.
“a company growing 1 .2 billion, growing 74 percent with pretty attractive recurring revenue The IPO got pulled.”
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