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Formula 1: Williams Team Lists on Frankfurt Stock Exchange

On March 2nd, Williams Grand Prix Holdings PLC (ISIN: DE000A1H6VM4) joined the Entry Standard of the Frankfurt Stock Exchange, taking the racing business public.

2,409,383 no-par value ordinary bearer shares were listed. The issue price was €25.00 and the initial listing price €25.25, giving a valuation of €60.8 million.

Founder and team principal Sir Frank Williams said:

“Our listing marks a new era in the history of the team. Williams’ future as an independent constructor is sustained by this listing, providing us the base from which to further grow.”

Sir Frank Williams founded Williams F1 in 1977 with Patrick Head. Over three decades of racing, the team has secured a total of nine constructors’ championships and seven drivers’ world championship titles.

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Stories from the Sport Desk at The Global Herald.

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