F1 team tightens IPO price range

Formula One team Williams has reduced the price range for its €265m (£224m)?listing in Germany next week as a result of violent clashes in the Middle East. The racing team has tightened its offering of €24 to €29 per share to between €25 and €27 per share. Formula One’s season opening race in Bahrain was called off earlier this week because of pro-democracy protests in the Gulf state.