Williams launches IPO on Frankfurt Stock Exchange

Williams Grand Prix Holdings has confirmed its intention to launch its Initial Public Offering (IPO) on the Frankfurt Stock Exchange, with Swiss-based Bank am Bellevue AG acting as sole global coordinator and sole global book runner.

The offering will consist of up to 27.4 per cent, or 2,739,383 existing shares with a nominal value of £0.05 each, of which up to 330,000 shares will come from an over-allotment option.

Sir Frank Williams will remain the majority and controlling shareholder of Williams and team principal of the AT&T Williams team.

Bookbuilding is expected to begin on 9 February 2011 and is scheduled to conclude on or around 28 February 2011.