Formula One, after having expanded its global presence with GPs in countries around the world, including emerging ones, is now preparing to conquer the financial markets. The listing will take place on the Singapore Stock Exchange, where one of the season's Grands Prix is also held, with a value of 2,5 billion dollars.
The announcement was made by Dow Jones Newswires, which reported that CVC Capital Partners, which holds 75% of the capital of Formula One Management, the holding company that manages sport (Bernie Ecclestone has 25%), is preparing to launch the marketing campaign for the stock market debut "very soon", i.e. the second week of June, in view of a landing on the market at the end of the same month. To the project by Ecclestone and CVC, which aim to list 20% of the capital on the stock exchange, however, the patrons of the main Formula One teams are against it.
