Formula One: Bernie Ecclestone says Singapore IPO still on

Singapore, one of 19 stops on this year's schedule, is viewed as an attractive destination for IPOs because of it status as a large, stable and transparent Asian financial centre.

updated: September 22, 2013 10:04 IST
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Singapore: 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.

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