Oura’s IPO Delay Signals Broader Market Stall

The IPO market appears to have stalled, which could be a problem for Anthropic. Fitness ring maker Oura’s postponement of its IPO on Tuesday, citing “uncertainty in the IPO market,” followed similar moves by metals producer Amaero last week and Holtec Nuclear Corp. the week before that. Then there’s SB Energy, the SoftBank-controlled power developer for data centers, which made public its IPO paperwork on Sept. 1 (two days before Oura did so) but hasn’t yet begun to market the offering. 

You don’t have to be a rocket scientist to figure out what’s going on. In its statement explaining its IPO postponement two weeks ago, Holtec mentioned “headwinds” including rising energy costs, trade tensions, military conflicts and rising interest rates. In short, it’s the world we live in. On top of that, Holtec—which sells to data centers—cited “uncertainty over data center development.”