Manchester United now considering Singapore over Hong Kong for its IPO

No final decision has been made but the $1b initial public offering is reportedly likely to take place this year.

A Bloomberg report said, “United, examining ways to reduce its financing costs and raise money that could be used to buy players, is drawing on the sport’s rising popularity in a region where it has about 190 million fans. A listing by United would mark a victory for Singapore, which is competing with Hong Kong to attract initial public offerings by European companies.”

The team, according to the report, had been considering Hong Kong for the IPO but now favors Singapore. Manchester United is said to be ready to sell about 25 percent.

View the report here.

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