18 Aug '11, 1pm

Manchester United applies for Singapore IPO: Sources

English Premier League football champions Manchester United has filed a preliminary application with the Singapore Exchange for a planned listing, said a source with direct knowledge of the deal. -- PHOTO: AFP SINGAPORE (REUTERS) - English Premier League football champions Manchester United has filed a preliminary application with the Singapore Exchange for a planned listing, a source with direct knowledge of the deal said on Thursday. The listing, which sources had told Reuters earlier would raise US$1 billion (S$1.2 billion), is being handled by Credit Suisse which is the global coordinator for the deal, the source said. UBS and Morgan Stanley are also in the running to become book-runners, sources have said earlier. The source declined to be identified because the deal is not public. The Singapore Exchange was not available to comment.

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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