Hong Kong likely to lose Manchester United IPO

The team is now reportedly setting its eyes on Singapore for its $1b initial public offering.

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.”

Manchester United, according to the report, had been considering Hong Kong for the IPO but now favors Singapore.

View the report here.