By Cristina RocaABB Ltd. said Monday that it has postponed the listing of its e-mobility business due to tough market conditions. The Swiss technology company said its plans to proceed with the initial public offering in the second quarter had been challenged by recent market conditions. "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," it said. ET because the original version incorrectly said ABB Ltd. is German. (END) Dow Jones NewswiresJune 20, 2022 04:27 ET (08:27 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal June 20, 2022 08:38 UTC