Global News
Formula One joins other firms in hitting IPO brakes
By Alan Baldwin and Saeed Azhar
LONDON/SINGAPORE (Reuters) - Motor sport racing company Formula One has delayed its Singapore initial public offer worth up to $3 billion, the fifth big Asian IPO to be postponed or pulled in a week, as weak markets bring the global market for new listings to a shuddering halt.
Worldwide, money raised from stock market flotations has slumped 46 percent so far this
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