ABB Postpones Planned IPO of E-Mobility Business
20 June 2022 - 6:42PM
Dow Jones News
By Cristina Roca
ABB Ltd. said Monday that it has postponed the listing of its
e-mobility business due to tough market conditions.
The German technology company said its plans to proceed with the
initial public offering in the second quarter had been challenged
by recent market conditions.
"Consequently, ABB is monitoring market conditions and is fully
committed to proceed with a listing of the business on the SIX
Swiss Exchange as and when market conditions are constructive," it
said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
June 20, 2022 04:27 ET (08:27 GMT)
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