Manchester United apply for Singapore listing

Posted on by SoccerPunter

English Premier League champions Manchester United have filed an application with the Singapore stock exchange for a public listing, a source close to the deal said on Thursday.

The Red Devils, the Premiership title-holders and three-time champions of Europe, submitted their application with the Singapore Exchange (SGX) “last week” the source told AFP on condition of anonymity.

The SGX will study the application and if approved will issue the club an “eligibility to list” letter, after which United can lodge its prospectus with the Monetary Authority of Singapore, the source added.

United plan to issue their initial public offering (IPO) in the fourth quarter, said the source.

Press reports said United aim to generate $1 billion with the IPO of 30 percent of the club’s shares.

One source with knowledge of the IPO plan told AFP on Wednesday the club chose Asia over London for the listing because the region accounts for 190 million out of the estimated 330 million United followers worldwide.

In addition, most of the club’s sponsors are also based in Asia or generate a large part of revenue from the region.

“Asia has been integral to the club from a fan point of view and also from a commercial point of view,” the source said Wednesday.

United were ranked by business magazine Forbes earlier this year as the world’s most valuable football club with a value of $1.86 billion.

Media estimates of $1 billion for 30 percent of the club’s shares means a total valuation for the company of more than $3 billion.

Be the first to comment:

Write a detailed comment of at least 350 characters to earn a reward point.
Results and Fixtures

Top Soccer Tipsters
Today Predictions in Tipsters Competition
Unknown nals posts a 1X2 tip on Servette vs Luzern
1 minute ago
Unknown nals posts a 1X2 tip on Al Sadd vs Al Rayyan
1 minute ago
Unknown nals posts a 1X2 tip on Al Gharafa vs Al Arabi
1 minute ago
Unknown tipstero posts a Asian Handicap tip on Jove Espanol vs Real Sociedad
6 minutes ago
Unknown tipstero posts a Asian Handicap tip on Jove Espanol vs Real Sociedad
6 minutes ago
Unknown tipstero posts a 1X2 tip on Gévora vs Real Betis
6 minutes ago
Unknown tipstero posts a 1X2 tip on Gévora vs Real Betis
6 minutes ago
Unknown tipstero posts a 1X2 tip on Vic vs Atlético Madrid
7 minutes ago
Unknown tipstero posts a 1X2 tip on Vic vs Atlético Madrid
7 minutes ago
Unknown tipstero posts a 1X2 tip on San Tirso vs Espanyol
8 minutes ago
News Headlines
Superior H2H Statistics
H2H Home Team Advantage
H2H Away Team Advantage
Top Football Clubs
Worst Football Clubs
Top Draw Teams
Good Home Teams
Poor Away Teams
Platinum Membership Testimonial

Top Singles Tipsters
In-Form Tipsters
Out of Form Tipsters
Tipsters Competition
Tipsters Competition Review
Membership
Soccer Predictions
Soccer Tips
 

Be a fan of our Twitter and Facebook Page
Soccer Analysis
Arbitrage

Arbitrage Picks

Arbitrage is an effective way to make guaranteed profits without losing your money.

Soccer Statistics H2H

Soccer Statistics

Analyze soccer matches, inclusive of past results, head to head stats, today match fixtures, live soccer odds, players and team form.

Livescore

Livescore

Check the latest and fastest live score results for all football matches. Know who are the goalscorers, yellow card and red card offenders.

Soccer Bet Help
Pick a Country or Region

Get the listings of soccer leagues and competitions for each region, including past seasons results and football statistics.

Match Preview and News

Copyright © 2002-2024 SoccerPunter Pte. Ltd. All rights reserved.