Don't expect to see a Formula One IPO until later this year at the earliest. F1 CEO Bernie Ecclestone says his company is delaying a public offering due to an uncertain market.

The motorsports organization has been working toward a $3 billion IPO in Singapore that was originally scheduled to go live next month, and marketing for the IPO has already begun. But with Facebook's disappointing showing last month and the tech company's stock continuing to fall in value, Ecclestone says there's no rush to go public.

F1 is offering a unique IPO, wherein the company's shares and debt will be sold alongside one another. Ecclestone didn't offer a firm date on when we can expect to see the his company go public beyond saying, "it's going to be this year." The 81-year-old executive was otherwise guarded about a date, indicating only that F1 will simply wait until it's the right time.


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    • 1 Second Ago
  • 7 Comments
      Jew
      • 2 Years Ago
      Formula One has income that merits its size. If you were dumb enough to have fallen for Facebook's hype then you deserve to loose. I dont see Formula One being a good stock choice other than for a few inside VIP's and of course your large shareholders from the middle east
      dan
      • 2 Years Ago
      It makes a lot of sense for Bernie to sell. Not a lot of sense for anyone to buy.
      sundell131313
      • 2 Years Ago
      gotta somehow pay for all those houses his daughters are buying.
      • 2 Years Ago
      [blocked]
      Car Guy
      • 2 Years Ago
      The next recession is on our doorstep. Of course it makes sense to delay.
      llwlknsn
      • 2 Years Ago
      This man is the BIGGEST crook this side of Madoff. Don't buy it, you won't make money off it and he will make money off you. If the citizens of Austin could get rid of the eyesore going up just outside of the city we would. However, we were sold out by our elected officials and no can't do anything about it. However, F1 will stick Texas tax payers with the bills for expansion of the roads and water systems. It is a travesty and a debacle and when it goes down in flames, there won't be a citizen around to piss on it to put the flames out.