May 23, 2013

Formula One joins other firms in hitting IPO brakes

Formula One commercial supremo Bernie Ecclestone speaks on the phone during the Monaco F1 Grand Prix

(Reuters) – Motor sport racing company Formula One has delayed its Singapore initial public offer worth up to $3 billion, the fifth big Asian IPO to be postponed or pulled in a week, as weak markets bring the global market for new listings to a shuddering halt. Worldwide, money raised from stock market flotations has [...]