Swiss Re puts off $4 billion ReAssure IPO citing weak demand
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ZURICH (Reuters) - Reinsurance group Swiss Re suspended plans for a $4.1 billion (£3.3 billion) initial public offering of British life insurer ReAssure on the day it was set to start trading in London, citing weak demand from institutional investors.The cancellation comes as global share listings hit their lowest level in three years in the first six months, with a prolonged slowdown in Europe. Listings that went ahead were cut in volume and priced at the low end of forecasts.Still, at least..