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Manchester United drops Asia IPO plan

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

Written by Reuters | Singapore/hong Kong | Published: June 14, 2012 12:54:36 am

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 $1 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 and features players such as England’s Wayne Rooney,declined to comment on the report.

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