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View Full Version : Manchester United plans $1.2b IPO in Singapore



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16-08-11, 23:10
http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_702715.html

Manchester United plans $1.2b IPO in Singapore

HONG KONG (REUTERS) - English Premier League football champions Manchester United plans a US$1 billion (S$1.2 billion) initial public offering (IPO) in Singapore by the end of the year, depending on market conditions, IFR reported on Tuesday, citing a source with direct knowledge of the plans.

Credit Suisse Group AG is working on the transaction, which may take place this year, said a source, who declined to be identified because the process is private. No final decision has been made. Manchester United declined to comment.

Speculation had been rife in recent months about Manchester United listing in Hong Kong, which has become the venue of choice for global brands such as fashion house Prada SpA and cosmetics maker L'Occitane International .

With nearly two-thirds of its 300 million fans in Asia, the region has become an important growth area for the loss-making club.