13 Jun '12, 3pm

Manchester United drops plans for Asia IPO in favour of US listing

Manchester United drops plans for Asia IPO in favour of US listing

The Old Trafford stadium, home of Manchester United soccer club, stands in Manchester, UK, on Thursday, Aug 25, 2011. Manchester United, the world's best supported soccer club, has ditched its plans for an Asian stock market flotation and is preparing to list in the United States, according to sources with knowledge of the deal. -- PHOTO: BLOOMBERG SINGAPORE/HONG KONG (REUTERS) - Manchester United, the world's best supported soccer club, has ditched its plans for an Asian stock market flotation and is preparing to list in the United States, according to sources with knowledge of the deal. After first eyeing a Hong Kong IPO, the former English soccer champions had planned a US$1 billion (S$1.3 billion) listing in Singapore in the second half of last year before putting plans on hold because of market turmoil. United, which has been English league champions a record 19 times...

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

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