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NewsManchester United picks CIMB as joint lead managers for IPO
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Manchester United picks CIMB as joint lead managers for IPO
by hlk Mon 22 Aug 2011, 17:29
KUALA LUMPUR: The owners of Manchester United have appointed Credit Suisse, J.P. Morgan and Morgan Stanley as bookrunners for the proposed listing on the Singapore stock exchange, Finance Asia reported.
It said on Monday, Aug 22 said the US-based Glazer family, who owns the football club, picked J.P. Morgan and Morgan Stanley as joint bookrunners for a planned initial public offering.
Finance Asia said the two US banks would work alongside Credit Suisse, which had earlier been given the role of global coordinator and will also act as a bookrunner.
It added the Glazers hired Hong Kong-based BOC International, Malaysia’s CIMB, Singapore’s DBS and pan-Asian investment bank CLSA as joint lead managers.
Finance Asia said in the fiscal year to June 2010, the club generated £286.4 million of revenues that came primarily from ticket sales, sponsorship and media/advertising sales. It is the growth of this brand that the owners will try to sell to investors.
It said on Monday, Aug 22 said the US-based Glazer family, who owns the football club, picked J.P. Morgan and Morgan Stanley as joint bookrunners for a planned initial public offering.
Finance Asia said the two US banks would work alongside Credit Suisse, which had earlier been given the role of global coordinator and will also act as a bookrunner.
It added the Glazers hired Hong Kong-based BOC International, Malaysia’s CIMB, Singapore’s DBS and pan-Asian investment bank CLSA as joint lead managers.
Finance Asia said in the fiscal year to June 2010, the club generated £286.4 million of revenues that came primarily from ticket sales, sponsorship and media/advertising sales. It is the growth of this brand that the owners will try to sell to investors.
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