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CHRONEXT nixes IPO

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CHRONEXT has postponed its initial public offering.

The listing was due to have taken place this week on the SIX Swiss Exchange, but has been stopped without a revised date being announced.

A brief statement from CHRONEXT says the postponement is due to currently adverse market conditions for high growth companies.

“CHRONEXT and its shareholders remain committed to a public listing once market conditions stabilise,” the statement adds.

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