Commercial real estate company EPIC Suisse AG postponed its planned initial public offering on the Swiss bourse, citing market conditions in a statement on Tuesday.
"EPIC intends to further observe and evaluate the general market environment and the opportunities for a future IPO," it said.
EPIC, supported by UBS, had planned to raise around 200 million Swiss francs (168.70 million pounds) by issuing new shares on SIX Swiss Exchange.
(Reporting by Michael Shields; Editing by Riham Alkousaa)
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5d. change
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Capi.
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| 25.54 CHF | -2.72% | -8.30% | 92.22B | ||
| 11,228 PTS | -1.47% | -2.39% | - | ||
