HONG KONG (Reuters) - Motor racing business Formula One will start pre-marketing for its up to $3 billion Singapore initial public offering on May 22 after receiving approval from the city's stock exchange for the deal, sources with direct knowledge of the plans said on Monday.
The company is seeking to raise at least $2.5 billion, vying to rank among the top IPOs in the world this year after Facebook Inc raised as much as $18.4 billion and a planned $3 billion listing by Malaysia's Felda Global Ventures Holding.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
