Credit Suisse postpones real estate fund IPO

Credit Suisse postpones real estate fund IPO

Credit Suisse Asset Management has postponed the initial public offering (IPO) of 1a Immo PK real estate fund, scheduled for the fourth quarter of 2022, due to the current market conditions.

Credit Suisse Funds AG has largely completed preparations for the listing of Credit Suisse 1a Immo PK as planned.

”However, 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,” said Credit Suisse in a statement.

”Due to the changed market conditions, the situation will be reassessed and information on the further course of action will be provided in due course” added Credit Suisse.

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