As a reaction to the unfavorable stock market development, Credit Suisse fund management is postponing the planned IPO of a real estate fund.
Credit Suisse Funds has largely completed preparations for the stock market listing of Credit Suisse 1a Immo PK as planned, yet, the market for real estate funds is currently going through a phase of «high volatility and strongly fluctuating trading volumes,» which means that a successful IPO in the fourth quarter of 2022 cannot be guaranteed, the bank said in an emailed statement Wednesday.
The fund management intends to reassess the situation and provide information on the further course of action in due course, it added.
