Four more banks mandated for Formula One IPO

Morgan Stanley will join previously mandated Goldman Sachs and UBS as a global coordinator for the upcoming Singapore initial public offering of Formula One, which is now on track for a mid-June launch, sources said yesterday.

The company, which owns the commercial rights to the sport and is 63.4%-owned by private equity investor CVC Capital Partners, has also mandated CIMB, DBS and Banco Santander as joint bookrunners, the sources said.

Aside from Santander, which didn’t attend the bake-off earlier this month, the line-up is not that surprising. Goldman Sachs, Morgan Stanley and UBS were bookrunners on Samsonite’s IPO in Hong Kong last year, which was...