SGX scores as Manchester United kicks off Asian IPO
Manchester United is going to launch its IPO on the Singapore stock exchange, rejecting what some bankers thought would be the more likely listing destination of Hong Kong.
It has picked Credit Suisse as sole global coordinator, but has not yet confirmed other banks to help manage the deal.
The club is considering a $1bn offering of around 20%-30% of the company, but the terms have not yet been finalised. Some bankers said Hong Kong was
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