More Than 10 Luxury Apartments Found at Indonesian Prison

The planned listing could have valued the smart-ring company at $15 billion. What made Oura stop?

The company said there was uncertainty in the market for initial public offerings, or IPOs. It did not say when the listing might happen.

So this is not a decision to abandon the plan forever. It is a decision to wait for a better moment.

That is right. Oura had planned to raise up to $2.2 billion by offering shares to investors. Its chief executive, Tom Hale, said an IPO was only one step in the company's journey and that it could choose its moment.

Why has the IPO market become more difficult?

Investors are facing several concerns, including higher energy costs, military conflicts, trade tensions and inflation. Central banks have raised interest rates, and the interest rate on ten-year US debt reached its highest level since 2007.

Those pressures can make investors more careful about putting money into new public companies.

Yes. Earlier this month, Holtec International also postponed its flotation. Experts say the market is now very different from the one businesses expected only a few weeks ago.

How was Oura performing before this decision?

In the nine months to June, Oura reported $70 million in pre-tax income on sales of $1.2 billion. It made $23.5 million in pre-tax profit in the financial year ending in September 2025.

If confidence falls, companies may wait. This story shows that a strong business can still choose caution when market conditions change.

Thank you, Ella.

Our second story is about five Indonesian prison officials suspended after luxury residences were found inside a prison.

Ethan is LinguaWire's correspondent for justice.

Thank you, Daniel. A prison warden and four other officials have been suspended after investigators found an apartment-style compound at Cibinong prison near Jakarta.

What did investigators find during their inspection?

They found more than ten units separate from the normal cellblocks. The units had air-conditioners, large televisions, refrigerators, sofas and dining areas.

That sounds very different from ordinary prison housing. What else was on the site?

Investigators also reported a gym, a golf simulator under construction and luxury vehicles. They found inmates inside the compound during a surprise inspection on September 23.

Who carried out that inspection?

It was carried out by Indonesia's Ombudsman, a public-service watchdog. Officials are now questioning dozens of inmates and prison employees.

Were the buildings originally designed for prisoners?

No. They were intended as official housing for prison personnel. Investigators are examining whether they were changed into unauthorised accommodation for inmates.

The main concern, then, is not only the buildings themselves but also unequal treatment inside the prison.

Exactly. An Ombudsman member said some inmates appeared to have access to special facilities that ordinary prisoners could not use. The case has renewed attention on claims that wealthy or well-connected prisoners can receive better treatment through bribery.

Do we know who lived in the residences?

Their identities have not been officially disclosed. The prison holds several types of inmates, including people convicted of corruption and other high-profile prisoners.

This case shows how a prison system can lose public trust when special treatment appears possible.

Thank you, Ethan.

Here are three useful business words from the first story: postpone means to move something to a later time; in the story, “Oura has pulled its plan to sell shares in the United States, just days after announcing it.” Oura postponed its listing until market conditions improve.

Confidence means belief that something will succeed or work well; in the story, “If confidence falls, companies may wait.” Consumer confidence can affect how much people spend.

Flotation means the process of offering a company's shares for sale on a stock market; in the story, “Earlier this month, Holtec International also postponed its flotation.” Oura's flotation was delayed because of uncertainty in the IPO market.

Part two: the grammar.

If confidence falls, companies may wait.

The first conditional describes a possible future situation and its result, using if plus the present tense and a result with may, might, can, or will.

I fall, you fall, he/she/it falls, we fall, you fall, they fall. In the past tense, fall becomes fell.

“If confidence falls, companies may wait.”

If prices rise, people may buy less.

Repeat after me: If confidence falls, companies may wait.