Formula One IPO

Formula One gets $1.6 billion pre-IPO investment from three investors

CVC has reduced its stake in Formula One to about 42% ahead of today’s launch of investor education for a Singapore IPO that is set to raise between $2.5 billion and $3 billion, sources say.
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The slowest corner in Formula One, by the Fairmont Hotel in Monaco, venue for this weekend's race
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<div style="text-align: left;"> The slowest corner in Formula One, by the Fairmont Hotel in Monaco, venue for this weekend's race </div>

As the Formula One drivers and teams prepare for Sunday’s race in Monaco the most prestigious of the 20 races that make up this year’s F1 World Championship and an annual stop for the F1 circus since 1955 the company behind the races is gearing up for its own challenge. Sources say investor education for its Singapore initial public offering is due to start today.

The deal is expected to raise about $2.5 billion, or close to $3 billion including the usual 15% greenshoe, which could make it the third-largest Singapore IPO since 1993, behind the $5.45 billion listing of HPH Trust in March last year and Global Logistic Properties’...

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