hear.com, a Dutch company providing solutions for hearing loss, has postponed its IPO on the back of lackluster market conditions. The S&P 500 dipped by 4% over three consecutive days of decline last week. Despite the index rebounding by 1.2% on Thursday, the company decided to postpone its debut on the index and await stable market conditions. The company’s IPO listing was scheduled to take place in mid-May 2021.   

Earlier this month, the company announced the terms for its IPO listing, intending to raise USD 300 million by offering 16.2 million shares at a price range of USD 17-USD 20. Considering the midpoint of the price range as the reference price, hear.com is valued at approximately USD 2.1 billion. 

Founded in 2012, hear.com offers the delivery of clinically-approved hearing aids from leading manufacturers, including Signia, Widex, Oticon, Phonak, and ReSound. The company has a network of more than 5,000 locations and is remotely available via its proprietary teleaudiology solution, Clinic-in-a-Box. The company has catered to more than 100,000 customers globally and reported revenue of USD 206 million in FY2021.