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Oura postpones its New York IPO and studies alcohol's impact on sleep

TechnologyInternationalEl Confidencial35 s readAI summary
Image: El Confidencial

Oura, the Finnish smart-ring startup headquartered in San Francisco, postponed its New York IPO, through which it aimed to raise 2.2 billion dollars, citing market uncertainty. The company reports 1 billion in annual revenue and 5.7 million paying members. A study by its team, using anonymized data from more than 800,000 users, found that nights with alcohol cut sleep duration by 7.7% and REM sleep by more than 14%.

In 35 seconds

  • Oura postponed its New York IPO, which sought to raise 2.2 billion dollars, without setting a new date.
  • The company reports 1 billion in annual revenue and 5.7 million paying members.
  • An analysis of more than 800,000 users showed alcohol cuts sleep duration by 7.7% and REM sleep by more than 14%.
Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

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