Formula One Said to Get Nod for $3 Billion Singapore IPO
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Singapore’s stock exchange approved Formula One’s plan to raise as much as $3 billion in an initial public offering in the city-state, three people with knowledge of the matter said.
The people asked not to be identified because the information is private. Loh Wei Ling, a spokeswoman for Singapore’s bourse, didn’t immediately answer a call to her office seeking comment.