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ABB delays IPO of E-mobility business citing 'challenging' market

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ZURICH :ABB is delaying the initial public offering of its E-mobility electric vehicles charging business, the Swiss engineering and technology company said on Tuesday, citing 'challenging' market conditions.'Current market conditions make it challenging to complete the planned listing of ABB's E-mobility bus

ZURICH :ABB is delaying the initial public offering of its E-mobility electric vehicles charging business, the Swiss engineering and technology company said on Tuesday, citing"challenging" market conditions.

"Nevertheless, we constantly observe the market developments and intend to launch the IPO in the coming weeks subject to constructive market conditions."

 

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