- Swiss lender Credit Suisse ( NYSE: CS ) has delayed the initial public offering of its real estate fund 1a Immo PK due to turbulent market conditions, the bank said Wednesday.
- "The market for real-estate funds is currently going through a phase of high volatility and strongly fluctuating trading volumes, so that a successful IPO in the fourth quarter of 2022 cannot be guaranteed," Credit Suisse said, as quoted by Reuters .
- Credit Suisse ( CS ) aimed to list 1a Immo PK in Q4 2022.
- Note that 1a Immo PK invests in residential properties and mixed residential and commercial properties. The fund is available just to Swiss Pension Funds as well as tax-exempt social insurances.
- Shares of Credit Suisse ( CS ), meanwhile, are edging down 0.7% in premarket trading.
- Towards the end of June, Credit Suisse explores reducing tech costs to spend more reaching wealthy clients .
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Credit Suisse postpones debut of its real estate fund on market woes