Formula One (F1) IPO on SGX

Formula One (F1) is looking to IPO on SGX next month.

Total listing expected to be US$3B. It will be priced in S$ and any dividends will be distributed in S$ as well.

Currently privately owned by private equity firm CVC Capital Partners.

Share is expected to be bundled with a loan note:
- 10% interest rate to shareholder
- mature in 2060
- may be callable 

Proceeds of the IPO:
- US$450m will be used to partially repay current debt of US$2.2B

A lot depends on the pricing of the IPO, but the bundled loan note looks interesting. Keep a look up on this.