Williams has announced that it will launch its Initial Public Offering (IPO) on the Frankfurt Stock Exchange, in a move the team said it was considering last month.
The IPO will consist of up to 27.39% or 2,739,383 shares, with a nominal value of GBP 5. Sir Frank Williams will remain the majority and controlling shareholder (and team principal) of the Williams F1 team.
Swiss-based Bank am Bellevue AG will act as sole global co-ordinator and sole global book runner. Bookbuilding is expected to begin on 9 February and conclude at the end of the month.
The objective of this IPO is to secure a sustainable ownership structure for the future and represents an opportunity for investors to be part of the global motorsport industry.