F1 flotation postponed to beyond 2013

By Ubaid Parkar, 7 November 2012
AP Photo/Manish Swarup

Formula 1, which was expected to float an Initial Public Offering earlier this year, will probably not go public in 2013 either owing to weak market conditions.

An IPO was expected to be issued in June in the Singapore Stock Market, but after Facebook’s floatation sank below expectations, F1 decided to hold back its own launch.

"The market's going to take a little bit of settling down, I think," F1 boss Bernie Ecclestone told Reuters. "I think we ought to forget about it for next year.

“I should think by 2014 the world will have sorted itself out a little bit better,” he added.

 

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