ABB gives update on planned IPO of E-mobility business

ABB remains fully committed to listing business on Swiss stock exchangePlanned listing in coming weeks postponed due to challenging market conditionsABB gave an update today on the planned initial public offering of its E-mobility business. The listing of the business remains an important part of ABB’s strategy. However, recent market conditions have made it challenging to proceed with a planned share offering in the second quarter of 2022. 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. A new dedicated identity under the ABB brand is also being prepared for the business.