F1's Singapore float going ahead - report

May 21 (GMM) F1's stock market floatation appears to be racing ahead.

Singapore, The circuit
Singapore, The circuit

Photo by: xpb.cc

That is the claim of the financial news agency Bloomberg, despite earlier speculation the Singapore listing might be delayed due to market volatility.

Bloomberg journalist Joyce Koh reported in Singapore on Monday that the city-state's stock exchange "approved" F1's plan to raise "as much as $3 billion in an initial public offering".

The report said the information was based on the knowledge of three people close to the matter, who were not named.

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Series Formula 1
Tags bloomberg, eccelstone, singapore, stock