ZURICH (Thomson Financial) - Card Guard AG said it has postponed the IPO of its US subsidiary LifeWatch Corp.
The Swiss healthcare technology company said it made the move after the LifeWatch board decided the bourse launch should not go ahead.
Card Guard gave no further reasons for the decision, but added that the IPO will not be cancelled completely.
In Nov 2006, LifeWatch announced it would go public in the first quarter of 2007.
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