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Formula One: Bernie Ecclestone says Singapore IPO still on
Formula One boss Bernie Ecclestone has insisted plans for a multi-billion dollar initial public offering (IPO) in Singapore are still very much on despite a lengthy delay in the process.Ecclestone, speaking at the Singapore Grand Prix late on Saturday, said he was "sure" Formula One would float on the city-state's exchange as soon as the timing is right.The glitzy, global championship has been mulling a flotation for more than a year, but the process was put on hold in June 2012 due to market volatility."It's just a case of when we think is the right time to go to the market. We're not in a hurry," Ecclestone told AFP. Asked whether it would be in Singapore, he said:...
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