ABB cites the “challenging” market for yet another delay in the e-charging IPO
The company postponed the process on Monday and gave no timeline for when it expected to resume the flotation of the business, which makes high-speed charging devices for buses and cars.
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ABB has further delayed the planned flotation of its electric vehicle charging business.
The Swiss engineering and technology company cited the turbulence unsettling stock markets.
ABB had pushed back the proposed IPO of the E-mobility business earlier this month.
The company postponed the process on Monday and gave no timeline for when it expected to resume the flotation of the business, which makes high-speed charging devices for buses and cars.
The blue-chip Swiss Market Index has lost 17% in value over the past six months.
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