The action by the champions of the English Premier League is worth in the region of $1 billion and the club has already enlisted the expertise of Credit Suisse to act as global coordinator for the initial public offering (IPO), Reuters reports.
Pre-marketing for the deal is expected to get underway in mid-September, with Malaysia's CIMB, BOC International, Credit Agricole's CLSA and Singapore's DBS already identified among the other co-leads.
The Manchester United Supporters Trust (MUST) has claimed the IPO will be used for the benefit of the club's owners - the Glazer family headed by Malcolm Glazer - rather than for Manchester United itself.
MUST, which has almost 173,000 members, explained: "The share sale will be in the Glazers' interests - to pay down their debt - not the club's."
By Gary Cooper