Facebook shocker may wreck £2billion Man Utd flotation
Facebook may wreck Manchester United plans of floating on the Stock Exchange. The Sun says the Glazers may now have even more trouble finding people with an appetite for a Far East flotation of up to 25 per cent of United's stock.
The Facebook scandal has shown the dangers of overpricing even the most successful companies.
But sources say the Glazers still want a price per share which would value United at close to £2billion.
The Singapore Stock Exchange is believed to have approved an Initial Public Offering last September.