Formula 1

Williams to Float on Frankfurt Stock Exchange

1 Mins read

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.

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