United delay listing plans
Manchester United has temporarily paused plans to launch its $300 initial public offering in the US where market volatility has soared in recent days as macroeconomic fears hit share prices. The S&P 500 index has fallen 2 per cent since the start of the week.
The club had been hoping to begin its investor roadshow as early as Monday of this week wih the aim of pricing and listing its shares in early August. It is unclear whether United will attempt to list its shares before the current IPO windown closes in mid-August ahead of the market lull that runs through to the US public holidays in early September.