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By ESPN Staff

United plan Singapore listing - report

Manchester United are planning to raise US$1 billion (£610million) by selling shares on the Singapore stock market, according to reports.

The Wall Street Journal has reported that the Premier League champions will carry out an initial public offering (IPO) in the Asian state later this year.

It has been reported that the club were planning to sell shares in Hong Kong but have now switched their attention to Singapore.

United were listed on the London Stock Exchange until being taken over by the Glazer family in a deal worth close to £800million in 2005.

United have not commented on the reports.

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