Wall Street Journal (August 19)
2011/ 08/ 21 by jd in Global News
“The financial world’s center of gravity is shifting east.” The latest event to show this shift is the planned listing of Manchester United on the Singapore Exchange. Taken private in 2005, Manchester United had been listed on the LSE for 15 years. The team’s IPO may raise $1 billion. This “major score for Singapore’s exchange” is also a “cold splash of capitalist reality—a reminder that no country or financial system can take its luster for granted.”
Tags: IPO, LSE, Manchester United, SGX, Singapore
