Dealogic says motorsport franchise Formula One has delayed its estimated $2 billion initial public offering in Singapore, joining a slew of companies that have delayed IPOs amid weak markets.
The deal tracking company said Friday that volatile stock market conditions are the reason behind Formula One postponing the listing.
Global stocks have tumbled as Europe’s debt crisis worsens.
Other companies have also shelved plans to issue shares for the first time.
London jeweler Graff Diamonds on Thursday said its $1.5 billion IPO in Hong Kong was on hold.
Dealogic said that this week six new stock listings around the world have been postponed. They would have raised about $4.6 billion.
- Apple Reports 3Q 2017 Results: $8.7B Profit on $45.4B Revenue, 41M iPhones, iPad Sales Up 28% Over Last Quarter
- 3D Systems Corp (DDD) Q1 2021 Earnings Call Transcript
- Baozun (BZUN) Q2 2020 Earnings Call Transcript
- In a Burger World, Can Sweetgreen Scale Up?
Report: Formula One delays $2 billion share sale have 145 words, post on www.foxsports.com at June 1, 2012. This is cached page on Business News. If you want remove this page, please contact us.