Credit Suisse delays real estate fund’s float due to market turbulence

Credit Suisse (CSGN.S) has postponed the initial public offering of its 1a Immo PK real estate fund, the bank said on Wednesday, citing current market turbulence.

Preparations for the float were largely completed, but “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.