Manchester United 'loses' after dumping Singapore
Analyst says the club’s IPO might have fared better in Asia.
Ronald Wan, a Hong Kong-based managing director at China Merchants Securities, was quoted by Bloomberg as saying, “U.S. investors are not as enthusiastic about soccer as those in former British colonies like Singapore and Hong Kong. Market reactions might be slightly better if the deal was done in Asia.”
Manchester United Plc raised $233.3 million in its U.S. initial public offering.
View the report here.