Thursday, July 26, 2012

Manchester United 'temporarily postpone New York flotation plan'

Manchester United are thought to have postponed temporarily plans to launch their $300m (£193m) flotation in New York, after volatile US markets spooked the Premier League club into a rethink.

The move is the latest setback in a long-running attempt to list the company's shares, a move that had previously been earmarked for the exchanges in Hong Kong and Singapore, and comes as the club had been looking to kick off their roadshow presentations to potential share buyers this week.

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