Manchester Utd seeks to raise $300m in US IPO

British football club Manchester United is seeking to raise $300 million (€244 million) in an initial public offering (IPO) in the US and plans to complete the sale in early August, an informed source said.

19th July, 2012
Manchester United seeks to raise $300 million in US IPO

British football club Manchester United is seeking to raise $300 million (€244 million) in an initial public offering (IPO) in the US and plans to complete the sale in early August, an informed source said.

The club, which has a record 19 national championships, may begin meeting with prospective investors to pitch the IPO as early as next week, the source said.

The club had previously scrapped plans for a $1 billion offering in Singapore because of...

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