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EPIC Suisse postpones planned IPO, cites market conditions

ZURICH (Reuters) - Commercial real estate company EPIC Suisse AG postponed its planned initial public offering on the Swiss bourse, citing market conditions in a statement on Tuesday.

"EPIC intends to further observe and evaluate the general market environment and the opportunities for a future IPO," it said.

EPIC, supported by UBS <UBSG.S>, had planned to raise around 200 million Swiss francs (168.70 million pounds) by issuing new shares on SIX Swiss Exchange.

(Reporting by Michael Shields; Editing by Riham Alkousaa)