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ABB Postpones $750 Million Electric-Mobility IPO on Market Rout

  • Manufacturer says it remains fully committed to Zurich listing
  • Listings have slowed dramatically this year over volatility
Updated on

ABB Ltd. is delaying the $750 million initial public offering of its electric-car charging business, saying a listing would depend on improved market conditions.

The market rout has made it challenging to proceed with the offering in the current quarter, ABB said Monday, adding that it remains “fully committed” to listing the business on the Swiss stock exchange.