Posted on March 2, 2011
Today a little piece of F1 history was made as the Williams F1 team floated on the Frankfurt Stock Exchange. The listing, of 2.4 million shares, was fully subscribed at €25 per share, which means that €60 million has been raised, principally for engineering guru Patrick Head, whose stake in the team has reduced to just 5%. This values the team at €250 million. The shares started trading on the Frankfurt Borse this morning and were slightly down after the first hour of trading, according to Reuters. Williams chairman Adam Parr was there to see it. He said, “This listing More…
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