News Details
Bernie: IPO will still go ahead
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, 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: "I'm sure so."
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