There are lots of mixed messages about the F1 flotation at the moment. On Tuesday last week F1's boss Bernie Ecclestone formally announced the Singapore listing when he told Pitpass' business editor Christian Sylt that "it will be finished by the end of June." Since then, Pitpass has heard that there is so much interest in the float that it will value F1 at around £1.3bn ($2bn) more than the expected £6.4bn ($10bn).
However, on the other hand there is talk that the float has been delayed due to Facebook's lacklustre stock exchange start. Indeed, when Ecclestone was asked at last weekend's Monaco Grand Prix about when F1 will float he said that the sport's controlling shareholders, the private equity firm CVC, "are going to wait and see" because "the market doesn't look too bright after that little bit of a problem with Facebook." Full story
