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Manchester United Ipo On Hold - Source

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English Premier League soccer champions Manchester United have put on hold a $1 billion flotation in Singapore due to market volatility, while retaining a goal of listing before the end of the year, a source close to the IPO told Reuters.

United, currently top of the Premier League, had targeted a mid-October float.

"They are not ready to go because of the way the markets are looking. Whilst they've got the approval for listing, they certainly don't have the intention to go immediately and they're biding their time," the source said, confirming earlier media reports from Asia.

The source said launching the IPO was off the table for at least a week, adding United still hoped to float by the end of the fourth quarter.

Off for at least a week, clearly the stock market volatility will have cleared up by then and the global economy will be fixed.... :rolleyes:

Still I'm sure the Glazers aren't desperate for the cash.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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