F1 investigating Initial Public Offering

CVC Capital Partners Ltd, majority owners of Formula 1, have reportedly hired Goldman Sachs to investigate the sale of part of its 63.4 percent stake of F1 in an IPO.

Bernie Ecclestone, however, has said that it’s “business as usual” and is reportedly not interested in selling his 5.3 percent stake. And why would he?

The value of the race series is said to be around US$10 billion, and both Singapore and Hong Kong have put their hands up to be the place which holds the IPO.

Singapore is likely to be the front-runner, and is reported to be investigating the impact of its holding F1 races in the city. Its contract ends this year.

With the race series gaining more and more spectators and sponsors, the stake at stake could well be a worthwhile investment for interested parties.