Stock Market
Credit Suisse delays the launch of a real estate fund due to market volatility.
Zurich (Reuters) – The first public offering of Credit Suisse’s 1a Immo PK real estate fund has been put off, the bank said Wednesday. The bank cited the volatility of the market as the reason for the delay.
Credit Suisse said that a successful IPO for the fourth quarter of 2022 cannot be guaranteed because the market for real estate funds is going through a time of high volatility and changing trading volumes.