Formula 1 commercial rights manager Bernie Ecclestone has backed Williams' plans for an IPO on the stock market, as the team revealed that its shares will be priced at 24-29 Euros ($33-$40).
Williams said that the price range of shares would value the company at 265 million Euros ($363m) at the mid-price range. The decision to go to the stock market is a first for an F1 team, and Ecclestone believes that it is the right decision.
"I have known Frank Williams for more than 40 years," he said. "He has always run a very efficient organization.
"He has never wanted to be taken over by either a car manufacturer or a large company. He has supported Formula 1 in many ways most of his life, as has Patrick Head. We want more Franks and Patricks. If I could buy shares in the company, I would."
Williams said that its accounts are in good health, with three years of profits on its book, a cash position of £24.8 million ($40m) and a fully secured sponsorship budget for 2011.
Team chairman Adam Parr said: "We have spent the past few years working to ensure a long-term future for the sport. Having accomplished this, the time is now right to assure Williams' own future as an independent constructor, in this rapidly evolving industry."