Latham, Davis Polk scoop Manchester United New York listing

Latham & Watkins will be advising Manchester United on its initial public offering in the United States with Davis Polk & Wardwell acting for US underwriters.


The US-owned football club chose to go public on the New York Stock Exchange yesterday, setting a preliminary fund-raising target of $100m and ending months of speculation that it would list in Asia, where the club planned to raise up to $1bn through a partial flotation in Singapore.

According to Manchester United’s F-I filing on Tuesday 3 July, Latham’s global capital markets co-chair Marc Jaffe and deputy New York managing partner Ian Schuman are leading the team from the firm’s New York office.

Jefferies, Credit Suisse, J.P. Morgan, Bank of America Merrill Lynch and Deutsche Bank Securities are underwriting the IPO, advised by Davis Polk’s global capital markets co-chair Michael Kaplan and corporate partner John Meade.

The club has traded on the London Stock Exchange before, but was bought by the Glazer family for $1.45 (£790m) in 2005.