ABB Ltd. (SWX:ABBN) gave an update on the planned initial public offering of its E-mobility business. The listing of the business remains an important part of ABBs strategy. However, recent market conditions have made it challenging to proceed with a planned share offering in the second quarter of 2022.

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.