OC Oerlikon Corporation AG Pfaeffikon (OERL.S)
ZURICH Industrial group OC Oerlikon shelved a listing for its drives unit on Monday citing market volatility, adding to signs that the Swiss IPO market, which got off to a strong start this year, is cooling.
* OC Oerlikon blames market volatility (Adds context, analyst comment)
ZURICH, June 28 Swiss industrial group OC Oerlikon on Wednesday set a price range of 48 to 62 Swiss francs per share for its gearbox unit in a public offering (IPO) that would create a company worth up to 620 million francs ($621.7 million).
* Drive systems unit profitability lags that of surface solutions (Adds quote from CEO, analyst, details about trade row, oligarch)