This is risky business. Raising money in this depressed market and a US listing does not bode well for this purported IPO. Manchester United should have stuck with Singapore. At least there they would get lots of publicity. In the US, people would not know what Manchester United is.
Singapore can wave goodbye to that $1 billion initial public offering as Manchester United opts for a much smaller – and somewhat surprising – U.S. listing instead.
- Manchester United Files For IPO On New York Stock Exchange (epltalk.com)
- Man U Files For Much Smaller U.S. IPO (blogs.wsj.com)