IPO delay

Formula One delays launch of Singapore IPO

The company decides to hold off on launching the institutional roadshow as global equity markets continue to tumble, making investors extremely risk averse.
<div style="text-align: left;"> Formula One is still coming to Singapore, say leads </div>
<div style="text-align: left;"> Formula One is still coming to Singapore, say leads </div>
June 04, 2012

Formula One, which was expected to kick off the management roadshow and institutional bookbuilding for a $2.5 billion to $3 billion IPO tomorrow, has decided to delay the launch due to the current poor market environment, sources said on Friday.

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