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Manchester United Plans $1B Singapore IPO
Manchester United is seeking to raise $1 billion through an initial public offering in Singapore.
Manchester Unitedis seeking to raise $1 billion through an initial public offering in Singapore,The Wall Street Journalreports.Credit Suisseis working on the listing, which may happen this year, addsBloomberg.
The soccer team may sell about a 25% stake in the offering. It is reviewing options to reduce its financing costs and raise money, which could be used to buy players.
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