Reuters: Sports News: Formula One to delay Singapore IPO: WSJ

Reuters: Sports News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Formula One to delay Singapore IPO: WSJ Jun 1st 2012, 00:46 Thu May 31, 2012 8:46pm EDT (Reuters) - Motor racing business Formula One Group has decided to delay its initial public offer on the Singapore stock exchange because of global market weakness, the Wall Street Journal said on Friday, quoting unnamed sources. It was worth up to $3 billion. Formula One, whose major shareholder is private equity firm CVC Capital Partners, was in pre-marketing mode and had been planning to launch a preliminary prospectus with the Monetary Authority of Singapore by June 5, the newspaper added. On Thursday, London luxury jeweller Graff Diamonds ditched its $1 billion IPO, adding to a chill that Facebook's botched IPO cast over an already moribund global market for new listings from Hong Kong to New York.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions