Four more banks mandated for Formula One IPO

Morgan Stanley joins Goldman Sachs and UBS as joint global coordinators for Formula One's Singapore IPO, while CIMB, DBS and Santander are given bookrunner roles.

Four more banks mandated for Formula One IPO
Celebrations at last year's Singapore grand prix

Morgan Stanley will join previously mandated Goldman Sachs and UBS as a global coordinator for the upcoming Singapore initial public offering of Formula One, which is now on track for a mid-June launch, sources said yesterday.

The company, which owns the commercial rights to the sport and is 63.4%-owned by private equity investor CVC Capital Partners, has also mandated CIMB, DBS and Banco Santander as joint bookrunners, the sources said.

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