SNA - SGX attempts to boost its profile by allowing Man Utd's 2-tier IPO

SNA - SGX attempts to boost its profile by allowing Man Utd's 2-tier IPO

SINGAPORE, September 18, 2011 (AFP) - Manchester United's Singapore share listing would be a coup for the city-state, boosting its profile as a centre for raising capital, but the sale could yet be delayed, analysts said. The Singapore Exchange (SGX) approved the club's application last week but United, earlier reported to be aiming for a float in October, are not yet fixing a date due to the turmoil in world financial markets. "I think the CEO of the Singapore Exchange is doing everything that he can to get high profile listings in Singapore, to increase the brand recognition of Singapore," said Jonathan Galaviz, a US-based economist and consultant who tracks Singapore closely.

Full article: http://singaporenewsalternative.blogspot.com/2011/09/sgx-...

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