Manchester United IPO: Jefferies set for lead-left role, but MS no longer involved
US investment bank Jefferies is set to be appointed as the so-called lead-left on the US$1bn US IPO of Manchester United, while Morgan Stanley has been dropped from the transaction entirely, according to several sources with knowledge of the deal.
The deal had originally been slated for a Singapore listing, but the intended listing venue has now been switched to New York.
Credit Suisse and JP Morgan, which were on the original syndicate for the Singapore transaction, have retained their place on the offer.
The banks involved and representatives of Manchester United declined to comment.