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WILLIAMS/IPO
RTR2JBNX
March 02, 2011
Traders work at their desks under the DAX board at the Frankfurt stock exchange, March 2, 2011. Formula...
Frankfurt, Germany
Traders work at their desks under the DAX board at the Frankfurt stock exchange
Traders work at their desks under the DAX board at the Frankfurt stock exchange, March 2, 2011. Formula One team Williams set the offer price for its stock market debut at 25 euros apiece on Tuesday, at the low-end of the 25 to 27 euro offer range and valuing the group at 250 million euros (212 million pounds). The IPO will raise 60 million euros from the sale of 2.4 million shares, which will be traded in the entry standard section. The British racing team's initial public offering (IPO) is the third in Frankfurt this year, following bicycle maker Derby Cycle and software group RIB which floated last month. REUTERS/Pawel Kopczynski (GERMANY - Tags: BUSINESS SPORT MOTOR RACING)
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