Oura Delays IPO Over Market Uncertainty
episodeTranscript
jump: speakers · find in transcriptTranscript
Transcript generated automatically by AI and may contain errors.
This podcast is brought to you by Altona AI. What if you could see your entire supply chain, every tier, every supplier, every origin, and verify compliance before goods ever ship? That's Altona, the network for trusted trade. AI that monitors continuously, product passports that prove origin, process, and compliance. Trust that actually travels with the goods. Faster shipments, lower costs, resilience built in. Trust moves trade. Altona makes it possible. Learn more at Altona.ai.
you
Here's your midday brief for Tuesday, September 29th. I'm Alex Osola for The Wall Street Journal. Smart ringmaker Aura says it's delaying its IPO due to market uncertainty. The San Francisco-based company was expected to seek a valuation above $11 billion on the Nasdaq as soon as this month. But Aura said today that the timing wasn't right, despite strong investor interest. The IPO market had been booming until recently, and Aura is one of the highest-profile companies to delay its IPO. The Journal is exclusively reporting that investment bank Piper Sandler is in talks to buy advisory firm Perella Weinberg Partners. People familiar with the matter say a deal for the $1.4 billion firm could be finalized soon.
A merger between the firms would combine two companies known for their dealmaking. And a Labor Department survey shows August was another low-hire, low-fire month for the labor market. While the layoff rate dipped to 1% and hiring picked up slightly, the pace of job openings slipped to 4.3%. That all suggests that current workers are comfortable in this job market, but it's frustrating for people looking for work. Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. And we have a lot more coverage on the WSJ's What's News. Listen and subscribe wherever you get your podcasts.
This podcast is brought to you by Altona AI. What if you could see your entire supply chain, every tier, every supplier, every origin, and verify compliance before goods ever ship? That's Altona, the network for trusted trade. AI that monitors continuously. Product passports that prove origin, process, and compliance. Trust that actually travels with the goods. Faster shipments, lower costs, resilience built in. Trust moves trade. Altona makes it possible. Learn more at Altona.ai.
No segments match your search.
Select any passage to copy it with its citation or turn it into a shareable card.
Speakers
1 identifiedMore from WSJ Minute Briefing
OpenAI Scraps Latest Model on Safety Concerns
Treasury Yields Soar as Tech Stocks Drop
Nvidia Launches Largest Stock Buyback in U.S. History
Rejected Iran Truce Pushes Oil, Yields Higher
Dow Climbs Amid Hopes for Hormuz Deal
In Loss for Anthropic, U.S. Appeals Court Upholds Pentagon’s Security-Risk Label