Manchester United IPO could be own goal for SGX

31 Aug 2011

There have been few Asian listings more eagerly anticipated than Manchester United’s pending IPO. The deal quickly became a must-have for the Singapore stock exchange, which muscled Hong Kong off the ball and won possession. Hong Kong officials should not see that as such a bad thing. This is one deal that Hong Kong could do without.

Singapore won the right to host Manchester United’s $1bn initial public offering earlier this month, and it is hard to imagine exchange officials are not seeing this as a major coup. They have attracted a global brand which will get unprecedented press coverage — and the odd protest ...

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