Manchester United drops Asia IPO for U.S.


SINGAPORE/HONG KONG: Manchester United, the world's best-supported soccer club, has ditched its plans for an Asian stock market flotation and is preparing to list in the United States, according to sources with knowledge of the deal.

After first eyeing a Hong Kong IPO, the former English soccer champions had planned a $1 billion listing in Singapore in the second half of last year before putting plans on hold because of market turmoil.

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