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Manchester United to List in New York Stock Exchange

in International Business

Manchester United to List in New York Stock Exchange

The Red Giants are seeking to list on the US stock market in a share sale that aimed at raising USD 100m.

The money would be used to pay their heavy debts that have been weighing down the club.

“We intend to use all of our net proceeds from this offering to reduce our indebtedness,” the prospectus filed with the SEC said.

The club had explored the stock market in Signapore and had received approval for a share sale in Singapore, but the process was delayed because of volatility in the stock markets.

Several high-profile flotations have been pulled in recent months as investor appetite has been dampened by the European debt crisis and worries that Asian economies are slowing.


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